Monthly Treasury statement of receipts and outlays of the United States government for period from ..

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Material Information

Title:
Monthly Treasury statement of receipts and outlays of the United States government for period from ..
Sept. issue of each year has title:
Final monthly Treasury statement of receipts and outlays of the United States government
Portion of title:
Monthly Treasury statement
Final monthly Treasury statement
Abbreviated Title:
Mon. Treas. statement receipts outlays U.S. gov.
Physical Description:
v. : ; 28 cm.
Language:
English
Creator:
United States -- Dept. of the Treasury
United States -- Dept. of the Treasury. -- Financial Management Service
Publisher:
Dept. of the Treasury
Place of Publication:
Washington, D.C.?
Frequency:
monthly
regular

Subjects

Subjects / Keywords:
Finance, Public -- Accounting -- Statistics -- Periodicals -- United States   ( lcsh )
Genre:
federal government publication   ( marcgt )
statistics   ( marcgt )
periodical   ( marcgt )

Notes

Additional Physical Form:
Vol. for June 30, 1994 distributed to depository libraries in microfiche.
Additional Physical Form:
Available via Internet from the Financial Management Service web site. Address of current issue as of 5/20/04: http://www.fms.treas.gov/mts/index.html; address of back issues as of 5/20/04: http://www.fms.treas.gov/mts/backissues.html. Current access is available via PURL.
Dates or Sequential Designation:
Began with July/Nov. 1974; ceased with June 2008.
Issuing Body:
Vols. for <Oct. 1979>-Apr. 1986 issued by U.S. Dept. of Treasury; May 1986-<Mar. 1996>, <Jan. 1998-> by U.S. Dept. of Treasury, Financial Management Service.
General Note:
Title varies slightly.
General Note:
Effective July 2008, paper copies will only be available only upon request.
General Note:
Description based on: Oct. 1, 1979 through Feb. 29, 1980; title from caption.

Record Information

Source Institution:
University of Florida
Rights Management:
All applicable rights reserved by the source institution and holding location.
Resource Identifier:
oclc - 02520295
lccn - 97656143
issn - 0364-1007
ocm02520295
Classification:
lcc - HJ10.2 .M66
ddc - 336.73/05
System ID:
AA00010653:00064

Related Items

Preceded by:
Monthly statement of receipts and outlays of the United States government
Succeeded by:
Monthly Treasury statement of receipts and outlays of the United States government (Online)

Full Text




For Fiscal Year 1988
Through January 31, 1988,
ani rf- riods
\P\R,, *


Monthly Treasury Statement

of Receipts and Outlays of

the United States Government


D .i __enjjftthe Treasury
Financial Management Service


74fh~iC?r.vj;~j: 4~1r:


'v.-c:fi ~ -S
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416 w,"



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00 .. .: r ,, .. .. ', .
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".' o'4 L .j, :,, ,.o,.


Summary -
page 2


Receipts/
Outlays
by Month -
page 26


Receipts- P
page 6

.o


SOutlays -
Spage 7




Receipts
by Source
Outlays by
Function -
page 29


I..


Deficit
SFinancing-
page 20


E"I ,.- ..
Explanatory
SNotes-
p page 30 ..


:"rs~-/a


~~,,':li~:~7~ i
dY*r


';







Introduction


The Monthly Treasury Statement of Receipts and Outlays of the United States
Government (MTS) is prepared by the Department of the Treasury, Financial Manage-
ment Service, and after approval by the Fiscal Assistant Secretary of the Treasury,
is normally released on the 15th workday of the month following the reporting month.
The publication is based on data provided by Federal entities, disbursing officers,
and Federal Reserve banks.

Audience
The MTS is published to meet the needs of: Those responsible for or interested
in the cash position of the Treasury; Those who are responsible for or interested
in the Government's budget results; and individuals hnd businesses whose opera-
tions depend upon or are related tolfhe Government's financial operations.


Disclosure Statement
This statement summarizes the financial activities df the Federal Government
and off-budget Federal entities conducted in accordance with the Budget of the U.S.
Government, i.e., receipts and outlays of funds, the surplus or deficit, and the means
of financing the deficit or disposing of the surplus. Information is presented on a
modified cash basis: receipts are accounted for on the basis of collections; outlays


of receipts are treated as deductions from gross receipts; revolving and manage-
ment fund receipts, reimbursements and refunds of monies previously expended
are treated as deductions from gross outlays; and interest on the public debt (public
issues) is recognized on the accrual basis. Major information sources include ac-
counting data reported by Federal entities, disbursing officers, and Federal Reserve
banks.

Triad of Publications
The MTS is part of a triad of Treasury financial reports. The Daily Treasury State-
ment is published each working day of the Federal Government. It provides data
on the cash and debt operations of the Treasury based upon reporting of the
Treasury account balances by Federal Reserve banks. The MTS is a report of
Government receipts and outlays, based on agency reporting. The U.S. Govern-
ment Annual Report is the official publication of the detailed receipts and outlays
of the Government. It is published annually in accordance with legislative mandates
given to the Secretary of the Treasury.

Data Sources and Information
The Explanatory Notes section of this publication provides information concern-
ing the flow of data into the MTS and sources of information relevant to the MTS.


Table 1. Summary of Receipts, Outlays, and the Deficit/Surplus of the U.S. Government, Fiscal Years 1987 and 1988,
by Month (in millions)


Period Receipts Outlays Deficit/Surplus (-)



FY 1987
October ...... ....... $59.012 $84,210 $25.198
November ...... .... 52,967 79,925 26,958
December .............. 78,035 90,049 12,014
January ........ .. 81,771 83.888 2.117
February ..... ......... ... 55,463 83.533 28,071
March .... .. ...... 56,515 84,283 27.767
April ................ 122,897 83,755 -39,142
May .............. 47,691 83,324 35,634
June ........... 82,945 83.423 478
July .. ........... 64,223 86,419 22.196
August ........ ..... .. 60,213 81,890 21.677
September ............. .. 92,410 76.980 -15,430

Year-to-Date .................... 854,143 121,001,680 12147,537





FY 1988
October .... 62,354 93.095 30,741
November .... .... 56.987 83,920 26.934
December ............... 85,525 109,741 24,216
January .. ... 81,791 65,706 -16.085

Year-to-date .................. ..... $286,657 1 $352,463 $65,806






'The outlays for Federal Savings and Loan Insurance Corporation (FSLIC) have been adjusted by $491 million for the prior year and $1,504 million for the current year to reflect FSLIC notes issued
in lieu of cash and not reported previously as outlays
"r., F,- 1.' i. j].r : i.- i i-..ed States (released on February 18, 1988) revised FY 1987 outlays to $1,004.586 million and the deficit to $150.444 million The figures above include ad
j. :,n,., i -,. ,, ,:i P 3 r, I I ,-i insurance Corporation Outlays Remaining adjustments to reclassify Federal Thrifl Investment Board ( $736 million) to a non budgetary status and adjustments
to outlays for the Department of Agriculture ( i $757 million) the Department of Housing and Urban Development (4 $19 million) will be adjusted in future months Treasury will continue to reflect
a difference for the Small Business Administration ( $7 million)
Note Details may not add to totals due to rounding
Source Financial Management Service. Department of the Treasury






Table 2. Summary of Budget and Off-Budget Results and Financing of the U.S. Government, January 1988 and
Other Periods (in millions)


aBudget Actual
Actual Budget Previous Budget
Current Estimates Estimtes
Classification ntFiscal Year lFiscal Year Estites
Month Full Fiscal Next Fiscal
to Date Year to Date
8Year' Year (1989)'


Total on-budget and off-budget results:
Total receipts ... $81,791 $286,657 $909,163 $271,785 $964,674

On-budget receipts.... .. 60,645 214,913 669,264 205,698 706.193
Off-budget receipts ........ 21,146 71,744 239,899 66,088 258,481

Total outlays. ................ 65,706 352,463 1,055,904 338,072 1,094,215

On-budget outlays ......... .... 66,493 288,398 852,778 275,997 880,873
Off-budget outlays .. ... -787 64,064 203,126 62,075 213.342

Total surplus (+) or deficit (-) .......... +16,085 -65.806 -146,741 -66,286 -129,542

On-budget surplus (+) or deficit (-) ........... -5,848 -73,485 -183,514 -70,299 -174,680
Off-budget surplus (+) or deficit (-) ..... +21,933 +7,680 +36,773 +4,013 +45,139

Total on-budget and off-budget financing ... -16,085 65,806 146,741 66,286 129,542

Means of financing:
By Borrowing from the public .... 5,281 67,357 127,247 74.198 127,021
By Reduction of operating cash. increase (-) -17,555 -3,489 16,436 -9,924
By Other means .. .... -3,810 1,937 3,058 2,012 2,521

'Based on the FY 1989 Budget of the United States released by the Office of Management and Budget on February 18, 1988.
Note: Details may not add to total due to rounding.
Source: Financial Management Service, Department of the Treasury


Figure 1. Monthly Receipts, Outlays, and Budget Deficit/Surplus of the U.S. Government, Fiscal Years 1987 and 1988

In billions of dollars
150

120 Outlays

90

60

30 Receipts
30




30

-60 Deficit( -)/Surplus

-90


Dec. Jan.


Oct. Dec. Feb. Apr. June Aug. Oct.
FY FY
87 88






Figure 2. Monthly Receipts of the U.S. Government, by Source, Fiscal Year 1988


In billions of dollars


A
Total Receipts

A
Social Security Taxes


Oct. Dec. Feb. Apr. June Aug. Oct. Dec. Jan.
FY FY
87 88


Figure 3. Monthly Outlays of the U.S. Government, by Function, Fiscal Year 1988
In billions of dollars
120
Total Outlays
100-

80
Social Security & Medicare
60
Other Non -Defense
40

: : :::::::: ::::i ::::::::::: e: ::::::::::::::::::::::::::
20 .. ..::::.. ... ...

0Interest
0 ,

Oct. Dec. Feb. Apr. June Aug. Oct.
FY FY
87 88


Dec. Jan.






Table 3. Summary of Receipts and Outlays of the U.S. Government, January 1988 and Other Periods (in millions)


Actual Actual Actual Budget
Classification This Month This Fiscal Comparable Estimates
Year to Date Prior Period Full Fiscal Year'


Budget Receipts
Individual income taxes ................... $43.987 $137.992 $135.296 $393,395
Corporation income taxes .. ...... .............. 3.630 24,901 21.440 105.567
Social insurance taxes and contributions:
Employment taxes and contributions (off-budget) ......... 21,146 71.744 66.088 239.899
Employment taxes and contributions (on-budget) .... .... 5,774 19.427 18,401 63.170
Unemployment Insurance ..... ..... 883 4,675 4.760 23.727
Other retirement contributions ......... ....... 360 1.612 1,641 4.717
Excise taxes ................. ........ 2.393 11.658 11,043 35,342
Estate and gift taxes .... .. ................. .... 531 2,296 2,482 7567
Customs duties ............ .... .....1,195 5,120 4,708 16,399
Miscellaneous receipts ............... ........... 1,893 7.233 5.927 19,380

Total Receipts ...................................... 81,791 286,657 271,785 909,163

(On-budget) .................. ................... 60,645 214,913 205,698 669,264

(Off-budget) ...................................... 21,146 71,744 66,088 239,899

Budget Outlays
Legislative Branch .............. ..... .... 143 606 489 1.942
The Judiciary ................ ........ ....... 85 342 344 1,359
Executive Office of the President .. ... ....... 11 44 37 124
Funds Appropriated to the President ...................... 1.092 2,884 3,906 5.233
Department of Agriculture .............. ...... 4,428 21,074 23.329 50,715
Department of Commerce ..................... 194 769 795 2.485
Department of Defense-Military ...... ....... ...... .. 19.227 93.517 87.817 277.275
Department of Defense-Civil ............... ....... 1,813 7.253 6.869 22.284
Department of Education ................. 1,612 6.478 6,206 18,796
Department of Energy ................. ............... 1,126 3.958 3.592 10.506
Department of Health and Human Services,
except Social Security .. ..... ... ... ....... 12,775 50.508 49,932 160,432
Department of Health and Human Services. Social Security .... -334 68,657 65.424 214.695
Department of Housing and Urban Development .......... 1.361 6,643 5.288 18,553
Department of the Interior .. ............ ........ 408 1.845 1.887 5,407
Department of Justice ............................... 407 1,674 1.257 5,151
Department of Labor ..... ................ 2,071 6,581 7.542 22,009
Department of State......... .......... ....... 159 1,219 1.002 3.321
Department of Transportation ... ... ....... .. ..... 1.874 8,562 8.478 26,323
Department of the Treasury:
Interest on Public Debt ..... ...... ......... 14.674 75,767 68,980 210.058
Other ......... ............... ....... -773 5,073 -4,637 11,160
Environmental Protection Agency ............ ..... 391 1,601 1,631 4.853
General Services Administration .... .... ... -448 -400 -391 -135
National Aeronautics and Space Administration ...... ... 622 3.174 2.441 9.112
Office of Personnel Management ... ..... ......... 2.554 9,471 8,550 28,493
Small Business Administration ......... -45 117 155 280
Veterans Administration .... .......... .......... 1,210 9,513 10,159 27,623
Other independent agencies .............. ... 1.803 25,860 25,327 17,886
Allowances, undistributed ......
Undistributed offsetting receipts:
Interest .... .. ......... -85 -19.088 17.080 41,592
Other ....... .. .... .... ...... .... -2.647 11,095 11258 -36.123

Total Outlays ....................................... 65,706 2352,463 2338,070 1,055,904

(On-budget) ................................... 66,493 288,398 275,997 852,778

(Off-budget) ..................................... -787 64,064 62,075 203,126

Surplus (+) or deficit (-) .......................... +16,085 2-65,806 2-66,285 -146,741

(On-budget) ................... ................. -5,848 -73,485 -70,299 -183,514

(Off-budget) ..................................... + 21,933 + 7,680 +4,013 36,773

'Based on the FY 1989 Budget of the United States released by the Office of Management and Budget on February 18. 1988
2The outlays for the Federal Savings and Loan Insurance Corporation (FSLIC) have been adjusted by $491 million for the prior year and $1504 million for the current year to reflect FSLIC notes
issued in lieu of cash and not reported previously as outlays.
SNo Transactions.
Source: Financial Management Service, Department of the Treasury







Table 4. Receipts of the U.S. Government, January 1988 and Other Periods (in millions)

This Month Current Fiscal Year to Date Prior Fiscal Year to Date

Classification Gross Refunds R s Gross Refunds Rec s Gross Refunds Rec
Receipts (Deduct) Receipts (Deduct) e s Receipts (Deduct) Receipt


Individual income taxes:
Withheld .
Presidential Election Campaign Fund
Other
Total-Individual income taxes ...................

Corporation income taxes .........................

Social Insurance taxes and contributions:
Employment taxes and contributions,
Federal old-age and survivors ins. trust fund:
Federal Insurance Contributions Act taxes ....
Self-Employment Contributions Act taxes ..
Deposits by States .. .
O their .. ... .
Total-FOASI trust fund .. .....
Federal disability insurance trust fund:
Federal Insurance Contributions Act taxes
Self-Employment Contributions Act taxes ...
Receipts from Railroad Retirement Account ..
Deposits by States ..
Other
Total-FDI trust fund
Federal hospital insurance trust fund:
Federal Insurance Contributions Act taxes
Self-Employment Contributions Act taxes
Receipts from Railroad Retirement Board
Deposits by States
Total-FHI trust fund .. ...
Railroad retirement accounts:
Rail industry pension fund ...
Railroad social security equivalent benefit

Total-Employment taxes and contributions
Unemployment insurance:
Unemployment trust fund:
State taxes deposited in Treasury
Railroad debt Repayment ......
Federal Unemployment Tax Act taxes .
Other
Total-Unemployment trust fund
Federal employees retirement contributions:
Civil service retirement and disability fund
Foreign service retirement and disability fund
O their ..... .
Total-Federal employees retirement contributions
Other retirement contributions:
Civil service retirement and disability fund ..

Total-Social insurance taxes and contributions ......
Excise taxes:
Miscellaneous excise taxes' .. .. ....
Airport and airway trust fund .
Highway trust fund .
Black lung disability trust fund .
Total- Excise taxes .............................

Estate and gift taxes ...............................

Customs duties .............. ................. .
Miscellaneous receipts:
Deposits of earnings by Federal Reserve banks
All other
Total-Miscellaneous receipts .................. .

Total-Receipts ........ .......... .........

Total-On-budget .............. ............

Total-Off-budget ...... .......

'Includes amounts received for Windfall Profits Tax pursuant to P L
No Transactions
(")Less than $500.000
Note Throughout this statement, details may not add to totals becai
Source Financial Management Service. Department of the Treasury


24 9 96

19 262


111t i4 OI
? 1
2" +98f


S 1I i 0 .C6

62 104


44,242 $255 $43,987 141,808 $3,816 $137,992 139,010 $3,715 $135,296

4,450 820 3,630 29,273 4,373 24,901 26,798 5,358 21,440




18.693 .... 18,693 64,695 64,695 53.930 53.930
596 596 703 ..... 703 746 746
3 .. 3 46 46 5.569 5.569
( *) .("*) (" ) (" ) ( ) *)......
19,292 19,292 65,444 65,444 60,246 60,246

1,797 1,797 6,227 ... 6,227 5,185 5,185
57 57 67 67 75 75

(") (") 5 5 582 582

1,854 1,854 6,300 6,300 5,842 5,842

5,250 5,250 18,175 18,175 15.332 15,332
166 166 193 193 197 197

(* ) () -53 -53 1,687 1,687
5,416 5,416 18,316 18.316 17,216 17,216

204 4 200 581 21 560 635 1 634
157 157 550 550 551 551

26,923 4 26.920 91,192 21 91.171 84,490 1 84,489


464 464 3,508 3.508 3.406 3.406
(*) (**) 12 12 28 28
400 6 394 1,114 31 1,083 1,250 26 1.224
24 .... 24 71 71 101 101
889 6 883 4,706 31 4.675 4,785 26 4,760

348 348 1,560 1,560 1.595 1,595
3 3 13 13 14 14
("*) (**) 1 1..1 1 1
351 351 1,573 1.573 1.610 1,610

9 .9 38 38 31 31

28,172 10 28,162 97,509 52 97,457 90,916 27 90,889


1,035 57 978 6,117 146 5,971 5,259 191 5.068
252 252 1,045 1 1,044 964 2 961
1,114 1,114 4.510 65 4,445 4.773 -32 4,804
49 49 198 198 209 209
2,449 57 2,393 11,870 212 11,658 11,205 162 11,043

540 9 531 2,353 57 2,296 2,537 55 2,482

1,220 25 1,195 5,262 142 5,120 4,853 146 4,708

1.667 1.667 6.537 6.537 5.470 5,470
227 ( *) 227 696 1 696 458 1 457
1,894 (") 1,893 7,234 1 7,233 5,928 1 5,927

82,967 1,175 81,791 295,309 8,652 286,657 281.249 9.463 271,785

61,821 1,175 60,645 223,565 8,652 214,913 215.161 9,463 205,698

21,146 .... 21,146 71,744 ..... 71,744 66.088 ...... 66,088

96-223


use of rounding







Table 5. Outlays of the U.S. Government, January 1988 and Other Periods (in millions)


This Month Current Fiscal Year to Date Prior Fiscal Year to Date

Gross Applicable Gross Applicable Gross Applicable O
Outlays Receipts Outlays Receipts Outlays Outlays Receipts Outlays


Legislative Branch:
Senate .
House of Representatives ....
Joint items ..
Congressional Budget Office
Architect of the Capitol ......
Library of Congress
Government Printing Office:
Revolving fund (net) ... .....
General fund appropriations
General Accounting Office
United States Tax Court
Other Legislative Branch agencies
Proprietary receipts from the public
Intrabudgetary transactions .

Total-Legislative Branch ................... .....

The Judiciary:
Supreme Court of the United States
Courts of appeals, district courts, and other
judicial services .
O their ....... ..

Total-The Judiciary ............................

Executive Office of the President:
Compensation of the President and the
White House Office ....
Office of Management and Budget
Other ......

Total-Executive Office of the President ...........

Funds Appropriated to the President:
Disaster relief ... ...... .......... .

International security assistance:
Guarantee reserve fund .. ...
Foreign military sales credit
Economic support fund ...........
Military assistance .. ......
Peacekeeping operations ........
Other .
Proprietary receipts from the public .....

Total-International security assistance

International development assistance:
Multilateral assistance:
Contributions to international financial institutions:
International Development Association .........
Inter-American Development Bank .. .
O their ............ .. .. ...
International organizations and programs

Total-Multilateral assistance....

Agency for International Development:
Functional development assistance program.
Operating expenses, Agency for
International Development .....
Payment to Foreign Service retirement and
disability fund ....
O their .. .. .......
Proprietary receipts from the public ...

Total-Agency for International Development

Trade and Development Program ...........
Peace Corps .. ... ...... ...........
Overseas Private Investment Corporation .. ....
Inter-American Foundation ............. .....
African Development Foundation ..

Total-International development assistance.........

Table continued on next page.


$29
52
1
1
9
18


$1 $28
(") 52

1
18
9
18

14
10
4
3
2
(" ) (*)
(* *")


$115 $2 $112 $93
191 (") 191 153
8 8 33
6 .. 6 5
41 41 37
89 ... 89 70

33 33 39
33 33 25
77 77 27
9 9 7
8 8 6
2 -2
(' ) (* *) 1


$2 $92
1 151
33
5
37
70

39
25
27
7
6
1 -1
1


144 1 143 610 4 606 493 4 489


1 1 6 .. 6 5 5

79 79 319 319 321 321
5 5 18 18 17 17

85 ...... 85 342 ...... 342 344 ...... 344



3 3 11 11 8 8
4 .4 15 15 12 12
5 5 18 .18 17 .17

11 ...... 11 44 ..... 44 37 ...... 37


41 41 77 77 94 94


48 37 11 214 185 29 315 298 18
268 78 191 1,362 1,070 291 1,099 268 831
61 61 1,928 .. 1,928 1,868 ... 1,868
14 14 138 ...... 138 23 23
1 1 8 8 12 12
3 .. 3 11 11 13 13
.... 26 -26 48 -48 ...... 208 -208

396 140 255 3,661 1,303 2,358 3,329 773 2,556




165 165 165 165 129 129
26 ... 26 98 98 109 .. 109
14 14 275 275 86 .86
17 ... 17 86 86 110 110

223 223 625 625 435 .... 435


179 179 486 486 521 521

31 31 124 124 137 137

45 45
8 2 7 80 17 62 69 14 54
72 -72 ... 295 -295 241 -241

218 74 144 689 312 377 772 256 516

1 1 7 7 5 5
13 .. 13 46 46 38 38
4 16 -12 20 41 -21 28 27 2
2 (") 2 10 1 10 10 4 6
(* ) ...... ( ) 3 ...3 3 3

460 90 371 1,400 354 1,046 1,291 286 1,004


Classification







Table 5. Outlays of the U.S. Government, January 1988 and Other Periods (in millions)-Continued

This Month Current Fiscal Year to Date Prior Fiscal Year to Date
Classification Gross Applicable Gross Applicable s Gross Applicable
Outlays Receipts utas Outlays Receipts u s Outlays Receipts Out


Funds Appropriated to the President:-Continued
International Monetary Programs ...
Military sales programs:
Foreign military sales trust fund ....
O their .. ............ .
Proprietary receipts from the public .
O their ... .. ... .. .


$395 $693


$693 -$471


633 2,911 .. ... 2,911
-$8 20 73 $37 36
635 -635 ...... 2,869 2869
11 19 ... 19


3,241 ...... 3,241
88 $93 -5
...... 2,553 -2,533
40 ..... 40


Total-Funds Appropriated to the President ...... 1,949 857 1,092 7,447 4,563 2,884 7,612 3,706 3,906

Department of Agriculture:
Departmental Administration ....... ... 12 .. 12 58 58 38 ..... 38
Agricultural Research Service ... ........ 38 38 173 173 167 ...... 167
Cooperative State Research Service. ....... 30 30 101 .. 101 93 93
Extension Service ....... ....... ....... 29 .. 29 106 106 97 ..... 97
National Agricultural Statistical Service .. .. 1 .... 1 14 ...... 14 17 17
Economic Research Service ......... 5 5 16 .. 16 13 ...... 13
Foreign Agricultural Service .......... .... 8 8 27 .. 27 26 26
Foreign Assistance Programs ....... .. ... 20 .. 20 250 ...... 250 402 .... 402
Agricultural Stabilization and Conservation Service 26 26 32 .. 32 24 ... 24
Conservation Reserve Program .... ..... 71 71 71 ...... 71 ..
Federal Crop Insurance Corporation ............ 57 9 48 261 129 132 321 111 211
Commodity Credit Corporation:
Price support and related programs ... 3,234 763 2,471 15,910 3,729 12.181 17,055 2,122 14,933
National Wool Act Program .............. ... 4 4 5 5 1 ..... 1
Rural Electrification Administration .... 112 151 -39 881 990 -109 705 480 224

Farmers Home Administration:
Public enterprise funds:
Self-help housing land development fund .... ... () (") () (") (**) (")
Rural housing insurance fund .......... 408 129 278 1,766 741 1,025 1,782 1,075 707
Agricultural credit insurance fund.. .. .... 92 524 -432 729 1,812 -1,083 872 2,068 -1,196
Rural development insurance fund ....... 270 261 9 1,625 1,195 430 1,127 970 157
Rural water and waste disposal grants 8 8 51 51 58 58
Salaries and expenses ..... 27 27 129 129 117 117
O their ............. .............. .. 4 .. 4 20 20 15 ...... 15

Total-Farmers Home Administration ... 809 915 -105 4,320 3,747 573 3,970 4,113 -143

Soil Conservation Service:
Conservation operations ... 33 33 140 ...... 140 116 116
Watershed and flood prevention operations .. .... 13 .... 13 69 69 78 .. 78
Other ...... .... ..... .. 5 .... 5 23 23 22 22
Animal and Plant Health Inspection Service ..... 28 ... 28 116 ..... 116 112 112
Agricultural Marketing Service:
Funds for strengthening markets, income, and supply 6 ..... 6 130 ... 130 190 ...... 190
Other ... ... .......17 17 38 38 40 3 37
Food Safety and Inspection Service ..... 29 29 130 130 123 123
Food and Nutrition Service:
Food stamp program .... ...... ..... 1,129 .. 1,129 4,282 .. 4,282 4,148 .. 4,148
Child nutrition programs ....... .... 363 ... 363 1,426 1,426 1,483 1.483
Women, infants and children programs ...... 145 .... 145 557 ...... 557 544 ... 544
Other .. .. .... ... 18 .... 18 87 87 82 82

Total-Food and Nutrition Service ... 1,656 1,656 6,352 6,352 6.257 .. 6,257

Forest Service:
National Forest system ..... ...... 77 ... 77 545 545 472 472
Construction ........ .. 16 .16 96 96 ({*) (")
Forest research ... 10 10 46 .46 117 117
Forest Service permanent appropriations 7 .. 7 114 114 126 126
Cooperative work ....... ... 10 10 49 49 -64 .. 64
Other .. ... ..... 12 12 41 41 36 ... 36

Total-Forest Service 132 132 891 .891 688 688

Other .. .... 14 3 11 54 12 42 59 10 49
Proprietary receipts from the public 121 121 488 -488 446 -446
Intrabudgetary transactions ..... ..

Total-Department of Anriculture ................. 6,390 1,962 4,428 30,169 9,095 21,074 30,614 7,285 23,329

Table continued on next page.






Table 5. Outlays of the U.S. Government, January 1988 and Other Periods (in millions)-Continued

This Month Current Fiscal Year to Date Prior Fiscal Year to Date
Classification Gross Applicable Outlays Gross Applicable Ols Gross Applicable Outlays
Outlays Receipts Outlays Receipts Outlays Receipts


Department of Commerce:
General Administration .
Bureau of the Census
Economic and Statistical Analysis
Economic Development Assistance...
Promotion of Industry and Commerce.....
Science and technology:
National Oceanic and Atmospheric Administration
Patent and Trademark Office
National Bureau of Standards ........
National Telecommunications and Information
Administration .. ..

Total-Science and technology ........

Proprietary receipts from the public ....
Intrabudgetary transactions

Total-Department of Commerce ..................

Department of Defense-Military:
Military personnel:
Department of the Army ...
Department of the Navy ..
Department of the Air Force .......

Total-Military personnel

Operation and Maintenance:
Department of the Army ....
Department of the Navy
Department of the Air Force ..
Defense agencies .. .

Total-Operation and Maintenance

Procurement:
Department of the Army ....
Department of the Navy ..
Department of the Air Force ......
Defense agencies .. ..

Total-Procurement .. .... ..

Research, Development, Test, and Evaluation:
Department of the Army .
Department of the Navy
Department of the Air Force ...
Defense agencies ..

Total-Research, Development, Test, and Evaluation

Military Construction:
Department of the Army .....
Department of the Navy .......
Department of the Air Force...... ..... .
Defense agencies .... .....

Total-Military construction ........

Family housing -
Revolving and Management Funds:
Public Enterprise Funds .......
Intragovernmental Funds:
Department of the Army ...
Department of the Navy .......
Department of the Air Force .....
Defense agencies ....
O their ...... .. .....
Proprietary receipts from the public ........
Intrabudgetary transactions ... ..........

Total-Department of Defense-Military ............


$25 $5 $20 $103
30 30 106
6 6 25
(" ) (") (" )
22 22 75


98 1
11
10

3


97 407
11 39
10 44

3 10


$17 $87 $236
106 76
25 23
("*) (")
75 78

4 403 367
39 27
S 44 40

10 13


$37 $199
76
23
( *)
78

13 354
27
40

13


122 1 121 500 4 496 447 13 434

5 -5 17 -17 13 13
i( ) ('*) -2 -2 -3 -3

205 11 194 807 38 769 858 63 795



1.185 1,185 9,333 9.333 9,063 9,063
1,479 1.479 8.593 8,593 8,108 8,108
987 987 6,822 6,822 6.950 .. 6,950

3,651 .. 3,651 24,747 24.747 24.120 24.120


2,008 2,008 8,151 8,151 6.916 6.916
2,365 2.365 9,309 9,309 7.333 7.333
2,005 2,005 7.942 7,942 6,312 6,312
481 481 2,428 2,428 2,658 2,658

6,859 6.859 27,830 27,830 23.220 23,220


1,276 1,276 5,422 5.422 5.387 5.387
2,355 2.355 9,662 9,662 8.727 8,727
2,127 2.127 10,389 10,389 10,580 10.580
164 164 574 574 572 572

5,922 5,922 26.047 26,047 25,267 25.267


384 384 1.532 1,532 1,387 1.387
737 737 2,685 2,685 2,827 2.827
948 948 4.244 4.244 4.397 4,397
508 508 2,180 2,180 1.669 1,669

2.577 2,577 10.641 10,641 10,280 10.280


137 137 656 656 664 664
139 139 574 574 505 505
136 136 613 613 560 560
94 94 258 258 97 97

506 506 2.101 2.101 1.827 1.827

245 245 957 957 900 900

(") (") (') 1 1 (") 10 1 9

33 33 301 301 15 15
213 -213 534 534 1.720 46 1.673
-45 -45 216 216 --190 190
33 .... 33 134 134 523 523
19 22 -3 113 106 7 123 106 18
343 -343 286 286 177 177
6 .... 6 288 288 331 331

19,593 366 19,227 93,909 393 93,517 88,147 330 87,817


Table continued on next page.







Table 5. Outlays of the U.S. Government, January 1988 and Other Periods (in millions)-Continued

This Month Current Fiscal Year to Date Prior Fiscal Year to Date
Classification Gross Applicable Outys Gross Applicable Gross Applicable
Outlays ReceiOutlays OOutlays Receipts Outlays
Outlays Receipts Outlays Receipts Otll.; I I


Department of Defense-Civil
Corps of Engineers:
General investigations .
Construction, general ...
Operation and maintenance, general .
Flood control and coastal emergencies.
Other .. .
Proprietary receipts from the public

Total-Corps of Engineers .

Military retirement fund:
Payments to military retirement fund
Military retirement fund ....
Intrabudgetary transactions
Other ....
Proprietary receipts from the public

Total-Department of Defense-Civil ..............

Department of Education:
Office of Elementary and Secondary Education
Compensatory education for the disadvantaged .
Impact aid
Special Programs
Indian Education ... ...

Total-Office of Elementary and Secondary Education

Office of Bilingual Education and Minority Languages
Affairs
Office of Special Education and Rehabilitative Services:
Education for the handicapped
Rehabilitation services and handicapped research
Payments to institutions for the handicapped
Office of Vocational and Adult Education
Office of Postsecondary Education
College housing loans ...
Student financial assistance
Guaranteed student loans .
Higher education
Howard University
Higher education facilities loans and insurance

Total-Office of Postsecondary Education

Office of Educational Research and Improvement
Departmental Management .
Proprietary receipts from the public

Total-Department of Education ..................


$9 $38
76 354
90 422
25 117
17 151


$38 $37
. 354 326
. 422 380
. 117 103
151 137


$2 -2 $21 -21 .... $32 -32

218 2 216 1,083 21 1,062 984 32 951


.... 10,285 10,285 10,524 10,524
1,600 1.600 6,185 6,185 5,964 5,964
-10,285 -10,285 -10,524 -10,524
-4 -4 8 (") 8 -44 (") -44
(") (") ... 2 -2 2 -2

1,815 2 1,813 7,276 23 7,253 6,904 35 6,869



306 306 1,153 1,153 968 .968
67 67 215 215 315 315
S-35 -35 152 152 18 ... 18
2 2 14 14 273 273

339 339 1,534 1.534 1.574 1,574


23 23 67 67 60 60

82 82 553 553 661 661
162 162 636 636 496 496
8 .8 28 28 35 35
111 111 330 330 395 395

24 5 19 28 62 -35 42 78 -37
657 657 2,069 .. 2069 1,792 1,792
122 122 972 972 806 806
40 40 149 149 176 .176
21 21 46 46 58 58
("*) () -12 -12 4 4

863 5 858 3,252 62 3,189 2.877 78 2,799

11 11 56 56 99 99
15 15 91 91 97 97
-1 1 6 -6 9 -9

1,615 3 1,612 6,546 68 6,478 6,294 88 6,206


Department of Energy:
Atomic energy defense activities
Energy programs
General science and research activities
Energy supply, R and D activities
Uranium supply and enrichment activities
Fossil energy research and development
Naval petroleum and oil shale reserves
Energy conservation
Strategic petroleum reserve
Federal energy regulatory commission
Alternative Fuels Productions
Nuclear waste disposal fund
Other

Total-Energy Programs

Power Marketing Administration
Departmental Administration
Proprietary receipts from the public
Intrabudgetary transactions

Total-Department of Energy ........


525 525 2,486

56 .56 233
122 122 722
441 .. 441 686
29 29 109
19 19 58
31 31 67
58 58 227
9 9 35
(") (") (")
33 33 132
27 27 80

824 824 2,348

79 107 -28 372
38 38 144
215 -215
18 18 -65

.... 1,448 322 1,126 5,286


2,486 2,492

233 227
722 704
686 311
109 108
58 46
67 21
227 210
35 30
(*) ( ")
132 138
80 79

2,348 1,873

418 -46 409 379
144 130
910 -910 906
-65 27

1,328 3,958 4.876 1,285


Table continued on next page.


2,492

227
704
311
108
46
21
210
30
(")
138
79

1.873

30
130
906
-27

3,592


~


I


I





Table 5. Outlays of the U.S. Government, January 1988 and Other Periods (in millions)-Continued

This Month Current Fiscal Year to Date Prior Fiscal Year to Date
Classification
Gross Applicable Gross Applicable Gross Applicable utla
Outlays Receipts Outlays Receps as Outlays Receipts


Department of Health and Human Services, Except Social
Security:
Public Health Service:
Food and Drug Administration .....
Health Resources and Services Administration:
Public enterprise funds:
Medical facilities guaranteed and loan fund .
Other ..
Health resources and services ......
Indian health and facilities
Centers for Disease Control ...
National Institutes of Health:
Cancer Research
Heart, Lung, and Blood Research
National Institutes of Diabetes, and Digestive and
Kidney Diseases .. .
Neurological and Communicative Disorders and Stroke
Allergy and Infectious Diseases .. ...
General Medical Sciences
Child Health and Human Development .......
Other research institutes ...........
Research resources ....... ......
Other ..

Total-National Institutes of Health .....

Alcohol. Drug Abuse, and Mental Health Administration
Office of Assistant Secretary for Health

Total-Public Health Service .. ....

Health Care Financing Administration:
Grants to States for Medicaid .... .......
Payments to health care trust funds .
Program management .............
Other ........
Federal hospital insurance trust fund:
Benefit payments .
Administrative expenses and construction .
Interest on normalized tax transfers.

Total-FHI trust fund ....

Federal supplementary medical ins. trust fund:
Benefit payments ... ...
Administrative expenses and construction ..........

Total-FSMI trust fund ............

Total-Health Care Financing Administration .......

Social Security Administration:
Payments to social security trust funds ....
Special benefits for disabled coal miners .. .....
Supplemental security income program ...... .

Total-Social Security Administration .......

Family Support Administration:
Program Administration .. .. ...
Family Support Payments to States ...........
Low Income Home Energy Assistance ..............
Refugee and Entrant Assistance .
Community Services .........
Work Incentives ....... .....

Total-Family Support Administration .............

Human Development Services:
Social services block grant ... ............ .
Human development services ....
Family social services .. ...
O their ........ ....

Total-Human Development Services .............

Departmental management ......... .......
Proprietary receipts from the public ............
Intrabudgetary transactions:
Payments for health insurance for the aged:
Federal hospital insurance trust fund .. ..
Federal supplementary medical insurance trust fund.
Payments for tax and other credits:
Federal hospital insurance trust fund. .....
O their .. .... ........


$32 (") $31 $145


139
85

30
33
49
40
38
67
30
2-41

471

118
9


(" ) 10
141 510
65 297
40 182

139 513
85 327

30 159
33 157
49 178
40 185
38 130
67 284
30 109
-41 16

471 2,057

118 415
9 54

(**) 876 3,670


2,398
295
-5
2

3,777
86


2,398 9,480
295 8,070
-5 18
2 (*")

3,777 16,158
86 230


$1 $144 $134


10 3
510 482
297 278
182 127

513 417
327 282

159 139
157 140
178 128
185 145
130 107
284 208
109 83
16 -6

2,057 1,644

415 337
54 59

1 3.669 3,064


$1 $133


3
482
278
127

417
282

139
140
128
145
107
208
83
-6

1,644

337
59

1 3,063


9,480 8,718
8,070 6,346
18 51
("*) -1

16,158 16,833
230 255


8,718
6,346
51
-1

16,833
255


3.863 3,863 16,388 16,388 17,088 17,088


2,460 2,460 10,668 10.668 9,439 9,439
90 ... 90 374 374 327 327

2,550 ...... 2,550 11,042 11,042 9,766 ...9,766

9.103 ...... 9103 44,998 44,998 41,968 41,968


986 986 1,906 1,906 1,941 1,941
(") () 309 309 319 319
134 134 3,754 3,754 4,364 4,364

1,120 1,120 5,969 5,969 6,624 6,624


4 4 19 19 15 15
959 .... 959 3,478 3,478 3,525 3,525
445 445 753 753 900 900
34 34 123 123 144 144
23 23 97 97 122 122
(") .... (") 27 27 26 26

1,466 1,466 4,496 4,496 4,732 ... 4,732


300 300 791 791 971 ... 971
209 209 708 708 649 649
96 ...... 96 383 383 284 284


605 605 1,881 1,881 1,904 .1.904

16 16 64 64 15 15
$116 -116 2,498 -2,498 2.028 -2.028


-268 ... -268 -8,038 -8,038 -6,314 -6.314

-27 .... -27 -32 -32 -31 -31


Total-Department of Health and Human Services
Except Social Security ........................ 12,891 116 12,775 53,007 2,499 50,508 51,961


Table continued on next page.


2,029 49,932


---







Table 5. Outlays of the U.S. Government, January 1988 and Other Periods (in millions)-Continued

This Month Current Fiscal Year to Date Prior Fiscal Year to Date
Classification Gross Applicable Gross Applicable Gross ApplicableOutlays
Outlays Receipts utas Outlays Receipts Outs Outlays Receipts Oua


Department of Health and Human Services, Social
Security:
Federal old-age and survivors insurance trust fund:
Benefit payments ....... ....... .. ...... $126
Administrative expenses and construction .... 242
Payment to railroad retirement account ....
Interest expense on interfund borrowings ......
Interest on normalized tax transfers

Total-FOASI trust fund .... ....368

Federal disability insurance trust fund:
Benefit payments .................... 200
Administrative expenses and construction ........ 84
Payment to railroad retirement account ........
Interest on normalized tax transfers ...

Total-FDI trust fund ........ ....... 284

Proprietary receipts from the public
Intrabudgetary transactions3 .... .......- 986

Total-Department of Health and Human Services,
Social Security ................... ......... 334

Department of Housing and Urban Development:
Housing Programs:
Public enterprise funds:
Federal Housing Administration fund .. ... 592
Housing for the elderly or handicapped fund ..... 17
O their .............. ... .......... ( )
Rent supplement payments ............. 3
Homeownership assistance ..... ..... 14
Rental housing assistance ..... ....... 15
Rental housing development grants .. ...... 6
Low-rent public housing ................ ....... 7
Public housing grants ............. 10
College housing grants ... ......... ...... 2
Lower income housing assistance ....... 700
Other ................ ................ ... 5

Total-Housing Programs ................ 1,371

Public and Indian Housing:
Payments for operation of low-income housing projects 105
Low-rent housing-loans and other expenses ...... 74

Total-Public and Indian Housing .. ..... 179

Government National Mortgage Association:
Management and liquidating functions fund ......... 6
Guarantees of mortgage-backed securities ........ 51
Participation sales fund ...... -4

Total-Government National Mortgage Association .. 54

Community Planning and Development:
Public enterprise fund .. ... .. 7
Community Development Grants .......... 218
Urban development action grants ........ 22
Rental rehabilitation grants ..... .... 6
O their ... ......... .......... ... 1

Total-Community Planning and Development.. 253

Management and administration .. ....... ... 19
Other ....... 6

Total-Department of Housing and Urban Development 1,882

Table continued on next page.


$126 $62,226
242 617


$62,226 $59,624
617 541


$59,624
541


387 387 274 274

.. 368 63,230 63,230 60,440 .. 60,440


200 6,943 ...... 6,943 6,724 6,724
84 353 353 207 207

37 37 26 26

284 7,333 7,333 6,957 6,957

(*) (*) (*) (*) $31 -31
-986 -1,906 ... -1,906 -1,941 .. -1,941


(**) -334 68,657 ( ) 68,657 65,455 31 65,424




$389 203 2,364 $1,660 703 1,683 2,056 -373
38 -21 383 171 211 411 165 246
5 -5 12 20 -8 17 22 -5
3 15 .... 15 16 16
14 51 51 60 ..... 60
15 195 195 197 197
6 27 27 20 20
7 378 ..... 378 414 414
10 20 20
2 8 8 7 .. 7
700 2,939 ... 2,939 2.618 .... 2,618
5 13 .. 13 -7 ... -7

432 939 6,404 1,852 4,553 5,435 2,242 3,192


105 457 457 419 .. 419
3 71 579 55 525 587 24 563

3 177 1,037 55 982 1,006 24 982


19 -12 33 63 -30 51 112 -61
59 -7 211 308 -97 38 133 -95
-4 -22 -22 -36 .. -36

77 -24 222 371 -149 53 245 -192


10 -3 31 45 -13 24 49 -26
218 1.045 1,045 1.066 9 1,057
... 22 81 81 134 .134
.. 6 31 31 33 ... 33
1 4 4 6 6

10 244 1,191 45 1.146 1,263 59 1.205

19 102 .. 102 90 90
6 9 9 11 11

522 1,361 8,965 2,322 6,643 7,858 2,570 5,288






Table 5. Outlays of the U.S. Government, January 1988 and Other Periods (in millions)-Continued

This Month Current Fiscal Year to Date Prior Fiscal Year to Date
Classification Gross Applicable Gross Applicable Gross Applicable
Outlays Receipts Outlays Outlays Receipts Outlays Outlays Receipts Outlays


Department of the Interior:
Land and minerals management:
Bureau of Land Management:
Management of lands and resources.....
Payments in lieu of taxes ...
O their ........
Minerals Management Service .... .
Office of Surface Mining Reclamation and Enforcement

Total-Land and minerals management .....

Water and science:
Bureau of Reclamation:
Construction program .....
Operation and maintenance ......
Other ... ..
Geological Survey ..........
Bureau of Mines .........

Total-Water and science ... .

Fish and wildlife and parks:
United States Fish and Wildlife Service
National Park Service ..........

Total-Fish and wildlife and parks ... ..........

Bureau of Indian Affairs:
Operation of Indian programs ...
Construction ..
Indian tribal funds ..........
Other ...............

Total-Bureau of Indian Affairs

Territorial and International Affairs .
Departmental offices .. ....
Proprietary receipts from the public:
Receipts from oil and gas leases, national petroleum
reserve in Alaska .. .
O their ......... ..... .
Intrabudgetary transactions .........

Total-Department of the Interior .................

Department of Justice:
Legal activities .. .
Federal Bureau of Investigation ... ....
Drug Enforcement Administration .....
Immigration and Naturalization Service .....
Federal Prison System ...........
Office of Justice Programs .......... .......
Other ...... .... ..... .......... ....

Total-Department of Justice .................. ..

Department of Labor:
Employment and Training Administration:
Training and employment services .........
Community service employment for older Americans...
Federal unemployment benefits and allowances ...
State unemployment insurance and employment
service operation .............
Advances to the unemployment trust fund and other
funds .. ... ...
O their ........... .....


$31 $31 $170 $170 $144 $144
( ) ( ) 1 1 ( ) .. ( *)
11 11 103 103 102 102
45 45 183 183 177 177
30 30 127 .127 102 102

116 116 582 582 525 525



53 $11 42 277 $39 238 272 $16 257
13 13 51 51 42 42
13 13 60 60 51 51
27 27 145 145 103 103
10 1 9 51 7 44 48 6 42

117 12 105 584 46 537 517 22 495


60 60 216 216 189 189
71 71 340 340 327 327

131 .131 556 556 517 517


105 105 330 330 298 298
10 10 32 32 54 54
12 12 106 106 91 91
5 2 3 21 4 17 24 3 21

132 2 130 490 4 485 467 3 464

38 38 170 170 285 (C) 285
19 19 67 67 25 25


-1 1 -1 1 -1 1
132 -132 553 -553 424 -424
( *) ...... (*" ) (" ) (- *) (C ) (" -)

553 145 408 2,448 603 1,845 2,336 449 1,887


76 76 378 378 245 245
105 105 417 417 357 357
55 .. 55 151 151 125 125
75 .... 75 300 300 207 207
67 4 64 314 14 299 239 13 226
25 ( *) 25 89 (*) 89 66 (") 66
7 ...... 7 40 40 32 32

411 4 407 1,688 14 1,674 1,270 13 1,257



223 223 1,050 .. 1050 931 931
21 21 101 101 156 156
21 21 47 47 64 64

76 76 55 55 1 1

1 1 1 1
6 .. 6 25 .. 25 19 19


Table continued on next page.







Table 5. Outlays of the U.S. Government, January 1988 and Other Periods (in millions)-Continued


This Month Current Fiscal Year to Date Prior Fiscal Year to Date

Gross Applicable Gross Applicable Gross Applicable
Outlays Receipts Outlays Outlays Receipts Outlays Outlays Receipts Outlays


Department of Labor:-Continued
Employment and Training Administration'-Continued
Unemployment trust fund:
Federal-State unemployment insurance:
State unemployment benefits
State administrative expenses
Federal administrative expenses .
Veterans employment and training
Repayment of advances from the general fund
Railroad unemployment benefits
Other ......

Total-Unemployment trust fund

Total-Employment and Training Administration .

Labor-Management Services
Pension Benefit Guaranty Corporation
Employment Standards Administration*
Salaries and expenses ....
Special benefits ..
Black lung disability trust fund
Special workers compensation expenses ........
Occupational safety and health administration
Mine safety and health administration .
Bureau of Labor Statistics
Departmental management
Proprietary receipts from the public ..
Intrabudgetary transactions

Total-Department of Labor ....................

Department of State:
Administration of Foreign Affairs:
Salaries and expenses
Acquisition and maintenance of buildings abroad
Payment to Foreign Service retirement and disability
fund
Foreign Service retirement and disability fund ..
Other

Total-Administration of Foreign Affairs

International Organizations and Conferences
International Commissions ...
Migration and Refugee Assistance
International Narcotics Control ..
Other
Proprietary receipts from the public
Intrabudgetary transactions ...

Total-Department of State ......................

Department of Transportation:
Federal Highway Administration:
Highway trust fund
Federal-aid highways
Other
Other programs

Total-Federal Highway Administration

National Highway Traffic Safety Administration


$1,278
131
52
10

15
2

1,488

1,837


$1,278
131
52
10

15
2

1,488

1,837


$4,211
724
49
39

44
7

5,073

6,352


$4,211
724
49
39

44
7

5,073

6,352


$5,302
788
10
44
316
45
29

6,533

7,704


$5,302
788
10
44
316
45
29

6,533

7,704


5 5 25 25 18 18
33 $7 26 124 $117 7 114 $56 57

15 15 67 .. 67 56 56
82 ...... 82 -262 -262 -333 -333
51 51 209 ..... 209 208 208
5 5 22 .... 22 23 23
17 ... 17 69 69 68 68
14 14 58 .. 58 48 48
19 19 63 ...... 63 51 .51
3 ...... 3 43 43 47 47
(") (") 1 -1 1 -1
-2 ..- 2 -71 ..... -71 -405 -405

2,078 8 2,071 6,699 118 6,581 7,599 57 7,542



27 27 494 494 469 469
33 33 130 130 100 100

27 27 .....
37 37 90 90 98 98
(") (") 8 8 8 8

97 97 749 749 674 .674

32 32 317 317 230 230
4 4 11 11 10 10
14 14 123 .. 123 93 93
5 5 31 31 16 16
7 7 16 16 25 25
(* ) (") 1 -1 ....
(") () -27 -27 -46 -46

159 ( ) 159 1,220 1 1,219 1,002 ... 1,002




831 831 4,485 4,485 4.168 4.168
6 6 23 23 10 10
4 4 30 30 33 33

841 841 4,538 4,538 4,210 4,210

7 7 59 59 67 67


Table continued on next page.


Classification


I


I






Table 5. Outlays of the U.S. Government, January 1988 and Other Periods (in millions)-Continued

This Month Current Fiscal Year to Date Prior Fiscal Year to Date
Classification Gross Applicable Gross Applicable Gross Applicable Outlays
Outs R s Outla Outlay Receipts Outlays Outlays Receipts Outlays
OutlaysOReceipt


Department of Transportation:-Continued
Federal Railroad Administration:
Grants to National Railroad Passenger Corporation
Other


$173 $292
30 74


$292 $316
$5 79 67


Total-Federal Railroad Administration 143 143 218 5 213 383 2 381

Urban Mass Transportation Administration:
Formula grants .......... 141 141 521 521 486 486
Discretionary grants .. ........ .... 30 30 219 219 176 176
Other ........... 52 52 221 221 318 318
Federal Aviation Administration:
Operations ..... ....... 294 294 1.100 1,100 782 782
Other ...... .. 2 (* ) 2 11 (**) 11 30 30
Airport and airway trust fund:
Grants-in-aid for airports 66 66 315 315 381 381
Facilities and equipment ..... 74 74 312 312 232 232
Research, engineering and development ..... 6 6 40 40 73 73
Operations .... (*) (" ) 179 179

Total-Airport and airway trust fund .. .. 146 146 667 667 865 865

Total-Federal Aviation Administration ........ 443 () 443 1.777 (") 1,777 1,676 1,676

Coast Guard:
Operating expenses ................... 112 112 624 624 588 588
Acquisition, construction, and improvements ..... 32 32 118 118 140 140
Retired pay ...... ... .. 28 28 111 111 111 111
Other ... ........ 22 (") 22 64 2 62 37 1 35

Total-Coast Guard ......... .. 195 (") 195 916 2 915 876 1 875

Maritime Administration:
Public enterprise funds. ... ........ 18 $28 -10 100 142 -43 231 77 153
Operating-differential subsidies ........ ... 9 9 76 76 86 86
Other ...... ..... .. 6 6 28 28 28 28
Other .. .. .. ... 17 1 16 58 5 53 49 5 45
Proprietary receipts from the public ............. () (") 10 -10 23 -23
Intrabudgetary transactions ......... .......... 1 1 -5 -5 1 1

Total-Department of Transportation ............ 1,903 29 1,874 8,726 163 8,562 8,587 109 8,478

Department of the Treasury:
Departmental Offices ......... ... -87 .. -87 -1,144 -1,144 -187 187
Office of Revenue Sharing:
Salaries and expenses .... .....(") (") 2 2
General Revenue Sharing ........ ...... ..... (") (") 2 2
Federal Law Enforcement Training Center ...... 2 .. 2 9 ... 9 4 4
Financial Management Service:
Salaries and expenses ........ ...... 22 22 76 ...... 76 69 69
Claims, Judgements, and Relief Acts .... ... 25 25 66 66 89 89
Energy Security Reserve ......... .......... 7 7 21 21 17 17
Other .. ................ ....... .... -2 2 9 9 54 54

Total-Financial Management Service ...... 51 .. 51 172 172 229 229

Federal Financing Bank:
Oregon Veterans Housing .......
Other ...... ............. 541 697 -156 4,052 3,827 225 2,363 2.520 -157
Bureau of Alcohol, Tobacco and Firearms ...... 14 14 70 70 58 58
United States Customs Service ......... ...... 105 105 452 452 297 297
Bureau of Engraving and Printing ............ 9 9 -10 -10 -12 -12
United States Mint ... 12 .. -12 37 .. 37 50 50
Bureau of the Public Debt ....... 17 .17 55 55 66 .. 66

Table continued on next page.


$2 $314
(**) 67







Table 5. Outlays of the U.S. Government, and Other Periods (in millions)-Continued

This Month Current Fiscal Year to Date Prior Fiscal Year to Date
Classification Gross Applicable Gross Applicable Gross Applicable
Outlays Receipts Outlays Receipts Outlays Receipts ays


Department of the Treasury:-Continued
Internal Revenue Service:
Salaries and expenses ....
Processing tax returns
Examinations and appeals .......
Investigation, collection and taxpayer service
Payment where credit exceeds liability for tax
Refunding internal revenue collections, interest
Internal revenue collections for Puerto Rico .
Other .

Total-Internal Revenue Service

United States Secret Service .. .
Comptroller of the Currency .. ..
Interest on the public debt:
Public issues (accrual basis) .....
Special issues (cash basis) .

Total-Interest on the public debt

Proprietary receipts from the public ...
Receipts from off-budget Federal entities
Intrabudgetary transactions ...


$10 $34
148 500
159 619
117 451
7 20
84 428
45 78


$34 $29
500 392
619 511
451 364
20 17
428 570
78 85


(") $1 1 3 $3 (*) 1 $1 (")

569 1 568 2,132 3 2,130 1,969 1 1,968

32 32 124 124 101 ..... 101
18 91 -73 74 94 -20 63 103 -39

14,337 ... 14,337 55,923 55,923 52,061 52,061
337 .. 337 19.844 .. 19,844 16,919 16,919

14,674 14,674 75,767 .... 95,767 68,980 68,980

192 -192 886 -886 932 -932
-424 424 -300 -300
-1,051 -1,051 -5,862 5,862 -5,784 -5,784


Total-Department of the Treasury ................. 14,884 982 13,902 75,504 4,809 70,694 67,900 3,556 64,344


Environmental Protection Agency:
Salaries and expenses. .. ...
Research and development .... ... ..
Abatement, control, and compliance .. ...
Construction grants .
Hazardous substance superfund ...
O their .. ...... ..
Proprietary receipts from the public
Intrabudgetary transactions

Total-Environmental Protection Agency ...........

General Services Administration:
Real property activities .... .
Personal property activities ...
Information Resources Management Service ....
Federal Property Resources Activities .
General activities .............
Proprietary receipts from the public .. ..
Other ..... .... .. .

Total-General Services Administration ............

National Aeronautics and Space Administration:
Research and development ...... .
Space flight, control, and data communications .
Construction of facilities .. ...
Research and program management
Other .......
Total-National Aeronautics and Space
Administration ..............................

Office of Personnel Management:
Government payment for annuitants, employees
health benefits ..
Payment to civil service retirement and disability fund
Civil service retirement and disability fund .. ..
Employees health benefits fund ...
Employees life insurance fund ..
Retired employees health benefits fund .
Other
Intrabudgetary transactions:
Civil service retirement and disability fund:
General fund contributions
Other


82 82 277 277 219 219
14 14 64 64 68 68
37 37 167 167 163 163
215 215 876 .876 1.042 .. 1,042
54 54 228 228 140 140
2 (*) 2 -109 () -109 502 (*) 501
12 -12 15 -15 3 -3
-1 -1 113 113 -500 -500

403 12 391 1,617 16 1,601 1,634 3 1,631


-448 -448 -394 -394 -307 -307
13 13 28 28 -71 -71
-5 -5 -29 -29 -22 -22
-17 -17 -4 ... -4 11 11
11 11 47 47 39 39
5 -5 .. 56 -56 ... 37 -37
-2 2 -7 7 .. 3 -3

-445 3 -448 -350 50 -400 -351 41 -391


195 195 1,046 1,046 764 764
292 292 1,570 1,570 1.152 .. 1,152
13 13 48 48 57 .57
122 122 509 509 467 467



622 ... .. 622 3,174 ...... 3.174 2,441 ...... 2,441


144 144 576

2,286 2,286 8,932
732 631 101 2,672 2,574
85 79 6 340 504
1 1 (") 4 4
19 19 41


4 12


576 439
(")
8.932 8,195
98 2,199 2,140
165 302 478
1 5 3
41 43


12 -11


Total-Office of Personnel Management ............ 3,264 711 2,554 12,553 3,082 9,471 11,172 2,622 8.550

Table continued on next page.






Table 5. Outlays of the U.S. Government, January 1988 and Other Periods (in millions)-Continued

This Month Current Fiscal Year to Date Prior Fiscal Year to Date
Classification Gro Applicable Gross Applicable Gross Applicable Outla
Outlays Receipts Outlays OutlaysReceipts
Out Outlays Receipts Outlays Receipts


Small Business Administration:
Public enterprise funds:
Business loan and investment fund
Disaster loan fund ........
Other .. .... ........
Other ...................


$23 $372
-58 179
6 18
30 109


$298 $74 $600 $494 $106
258 -79 239 289 -50
4 13 9 6 4
109 95 95


Total-Small Business Administration .............

Veterans Administration:
Public enterprise funds:
Loan guaranty revolving fund
Direct loan revolving fund
Other ......
Compensation and pensions .. ...
Readjustment benefits ...
Medical care ......
Medical and prosthetic research
General operating expenses ..
Construction projects
Post-Vietnam era veterans education account
Insurance funds:
National service life ....
United States government life
Veterans special life ....
Other ........
Proprietary receipts from the public:
National service life .. ...
United States government life
Other .....
Intrabudgetary transactions .. ..


Total-Veterans Administration ................... 1,395


100 145 -45 677 560 117 944 789 155


166 917
-2 7
10 161
44 4,782
12 236
784 3,401
18 74
72 294
54 191
9 107


99 346
3 12
5 6 28
5 33


185 1,210 10,505


452 465 639 505
14 -7 7 17
179 18 163 185
4.782 5,916
236 338
3,401 3.172
74 63
294 275
191 170
107 110


346 326
12 13
71 43 26
33 27

136 136
(" ) (")
140 -140
-82 -42


992 9,513 11,203 1,044


Independent agencies:
Action ... ... .
Board for International Broadcasting ...
Corporation for Public Broadcasting
District of Columbia:
Federal payment ..
Proprietary receipts from the public .
Equal Employment Opportunity Commission .
Export-Import Bank of the United States
Federal Communications Commission
Federal Deposit Insurance Corporation
Federal Emergency Management Agency:
Public Enterprise Funds .
Salaries and expenses .....
Emergency management and planning assistance
Emergency food distribution and shelter program
Federal Home Loan Bank Board:
Public enterprise funds:
Federal Home Loan Bank Board revolving fund .
Federal Savings and Loan Insurance Corp. fund
Federal Trade Commission ... ... .
Federal Retirement Thrift Investment Board
Intragovernmental agencies:
Appalachian Regional Commission ...... .
Washington Metropolitan Area Transit Authority...
Other ...
Legal Services Corporation ..... .. ...
National Archives and Record Administration ..
National Credit Union Administration:
Central liquidity facility ........ .
Other ..... ......


11 48
19 56
214


303 534

17 63
209 -136 625
2 7 36
977 268 4,582

23 -12 50
13 51
19 90
6 6


5 -1 18
95 257 42.584
3 20
75 -74 3

(") 7 46
26
1 1
49 79
9 30


48 50
56 61
214 200


534 358
30 -30 293
63 52
1,348 -723 693 1,245
7 29 31
3.177 1.405 3,988 3,986


101


142 -71
39
84
-1


18 1 5 14
2,843 -259 42.262 765
20 27
306 -303 (*)


46 47
26 26
1 1
79 100
30 28


8 8 (") 112 105 7
4 238 -235 88 250 -161


1 47
26
1
100
28


51 57
33 185


Table continued on next page.


326
13
67 -42
27

148 148
(") (" )
121 -121


10,159







Table 5. Outlays of the U.S. Government, January 1988 and Other Periods (in millions)-Continued

This Month Current Fiscal Year to Date Prior Fiscal Year to Date
Classification Gross Applicable Gross Applicable Outlays Gross Applicable
Outlays Receipts as Outlays Receipts Outlays Receipts uas


Independent agencies:-Continued
National Foundation on the Arts and the Humanities:
National Endowment for the Arts......
National Endowment for the Humanities
Institute of Museum Services ....
National Labor Relations Board ........
National Science Foundation .
Nuclear Regulatory Commission .....
Panama Canal Commission ...........
Postal Service:
Public Enterprise Funds
Payment to the Postal Service Fund ..

Railroad Retirement Board:
Federal windfall subsidy ...
Federal payments to the railroad retirement accounts
Milwaukee railroad restructuring, administration
Railroad retirement accounts:
Social Security Equivalent Benefit Account
Benefits payments and claims ...
Advances to the railroad retirement account from the
FOASI trust fund
Advances to the railroad retirement account from the
FDI trust fund
Disbursements for the payment of FOASI benefits
Disbursements for the payment of FDI benefits
Administrative expenses ..
Interest on refunds of taxes .
Other .......
Intrabudgetary Transactions:
Railroad retirement account:
Payments from other funds to railroad retirement
trust funds
Interest on advances to railroad accounts
Repayment of advances by railroad retirement board
Federal payments to the railroad social security
equivalent benefit account ....
Federal payments to the rail industry pension fund

Total-Railroad Retirement Board ..... ..

Securities and Exchange Commission ...
Smithsonian Institution
Tennessee Valley Authority .
United States Information Agency
United States Railway Association
Other independent agencies


$14 $51 ..
11 41 .. ...
5 10 ......
13 49 ......
140 490 .
39 135 .
62 177 $113


$51 $49 .
41 36
10 5
49 45 .
490 466
135 120
64 164 $147


52,706 $2,396 309 11,501 10,902 599 11.092 11,751 -659
129 129 259 .... 259 325 ...... 325


30 122
(**) 112
(* ) ( *)

336 1,298
196 773

-66 -260

-4 -14
67 262
3 14
4 19
1 2
("*) ( ")







-12
-100


122 126
112 161
(**) 2

1.298 1,268
773 754

-260 -245

-14 -15
262 247
14 15
19 18
2 (")
("*) (**)


-12 -96
-100 -66


567 567 2,216 ... 2,216 2,168 2,168

12 12 44 44 35 35
20 20 82 82 76 76
489 778 -289 2,077 2,027 50 2,139 1,570 569
75 (*) 75 271 (") 271 263 (*) 263
.. 12 ( ) 12
168 3 165 336 13 323 299 16 283


Total-Independent agencies ..................... 6,613 4,809 1,803 27,101 21,241 5,860 25,500 20,173 5,327


Undistributed offsetting receipts:
Other Interest
Employer share, employee retirement
Legislative Branch:
United States Tax Court:
Tax court judges survivors annuity fund
The Judiciary
Judicial survivors annuity fund .
Department of Defense-Civil.
Military retirement fund
Department of Health and Human Services
Federal old-age and survivors insurance trust fund
(OFF-BUDGET)
Federal disability insurance trust fund
(OFF-BUDGET)
Federal hospital insurance trust fund
Department of State:
Foreign Service retirement and disability fund
Office of Personnel Management:
Civil Service retirement and disability fund
Independent Agencies
Federal Retirement Thrift Investment Board
Thrift Savings fund

Subtotal

Table continued on next page.


... (") (") 901 901



(*" ) ... (" ) (**") .. (*)

-1 -1

-1,522 -1,522 -6,061 .. -6.061 -5.940 -5,940


398 -398 -1.322 -1,322 -932 .... -932

-38 -38 -125 .. -125 -90 -90
-147 -147 -555 .... -555 -551 -551

5 5 -20 .. -20 -14 .. -14

518 518 -2,146 .... -2,146 -1.666 -1.666


27 -27 102 102

-2.655 2,655 -10.331 -10,331 -9.194 -9.194


1,268
754

-245

-15
247
15
18
(")
(")






Table 5. Outlays of the U.S. Government, January 1988 and Other Periods (in millions)-Continued

This Month Current Fiscal Year to Date Prior Fiscal Year to Date

Classification Gross Applicable Gross Applicable Out Gross Applicable
Outlays Receipts Outlays Outlays Receipts tays Outlays Receipts Outlays


Undistributed offsetting recelpts:-Continued
Interest received by trust funds:
The Judiciary:
Judicial survivors annuity fund
Department of Defense-Civil:
Education benefits fund ....
Military retirement fund
Soldiers' and Airmen's Home permanent fund
Corps of Engineers ...
Department of Health and Human Services:
Federal old-age and survivors insurance trust fund
(OFF-BUDGET) .. ...
Federal disability insurance trust fund
(OFF-BUDGET) ........ .....
Federal hospital insurance trust fund
Federal supplementary medical insurance trust fund
Department of Labor:
Unemployment trust fund ....
Department of State:
Foreign Service retirement and disability fund
Department of Transportation:
Airport and airway trust fund
Highway trust fund ..........
Environmental Protection Agency:
Other .
Post-closure liability trust fund .. .
Office of Personnel Management fund:
Civil Service retirement and disability fund
Veterans Administration:
United States government life insurance fund.....
National service life insurance fund
Independent agencies:
Federal Retirement Thrift Investment Board:
Thrift savings fund .
Railroad Retirement Board:
Railroad retirement account
Other .....

Subtotal ........

Unrealized Discount on trust fund investments ..
Rents and Royalties on the Outer Continental Shelf lands.
Sale of major assets ....

Total-Undistributed offsetting receipts ............

Total outlays ............... ............... .

Total On-Budget ............................ .

Total Off-Budget ................. .......... ..

Total Surplus (+) or Deficit ......................

Total On-Budget ................... .........

Total Off-Budget. .........................


-$2

(") -13
$14 -1,817

-16


2.836

309
2,333
-369

1.106

-173

-425
-527

(")
1

8,384

-8
-482


2,836

-309
2,333
-369

1.106

-173

-425
-527

(**)
-1

8,384

-8
-482


-8 -8 -29 -29

-42 -42 -237 .... -237 -131 .... -131
-4 .. -4 -22 -22 -15 ...... -15

-83 -83 -19,088 .. -19,088 -16,178 -16,178

-2 -2 1 ..... 1 -1 -1
-$8 8 $764 -764 ...... $1,863 -1,863
...... 200 -200

-2,740 -8 -2,732 -29,418 764 -30,182 -25,373 2,965 -28,338

76,893 11,187 65,706 4405,209 52,746 352,463 4387,318 49,247 338,072

77,680 11,187 66,493 341,145 52,746 288,398 325,212 49,215 275,997

-787 (*) -787 64,064 (*) 64,064 62,106 31 62,075

16.085 -65.806 4 66.286

5.848 73.485 70.299

,21 933 .7.680 4.013


Proprietary receipts .....
Receipts from off-budget Federal entities
Intrabudgetary transactions.

Total receipts offset against outlays


MEMORANDUM

ceipts offset against outlays (In millions)

Current
Fiscal Year
to Date

$10.452
424
55,638

66,515


Comparable Period
Prior Fiscal Year

$11,747
300
50,917

62,965


'Includes prior month adjustment.
2Includes quarterly adjustment.
includes FICA and SECA tax credits, non-contributary military service credits, special benefits for the aged. and credit for unnegotiated OASI benefit checks.
4The outlays for the Federal Savings and Loan Insurance Corporation (FSLIC) have been adjusted by $491 million for the prior year and $1,504 million for the current year to reflect FSLIC notes
issued in lieu of cash and not reported previously as outlays
5The Postal Service figure represents reporting for the full calendar month of January and is partially estimated This estimate includes $540 million for postal money orders between January
16th and 31st







able 6. Means of Financing the Deficit or Disposition of Surplus by the U.S. Government, January 1988 and Other Periods
(in millions)

Net Transactions
Assets and Liabilities () dnotesnt re t of either Current Fisca Year
Directly Related to liability or asset accounts
Directly Related to
Budget and Off-budget Activity
Fiscal Year to Date Beginning of
This Month Close of
This month
This Year Prior Year This Year This Month


Liability accounts
Borrowing from the public:
Public debt securities, issued under general financing authorities:
Obligations of the United States, issued by:
United States Treasury .............
Federal Financing Bank ... ..... .... .....

Total public debt securities ......

Agency securities, issued under special financing authorities
(See Schedule B. For other agency borrowing, see Schedule C) ..

Total federal securities ... ........... ...

Deduct:
Federal securities held as investments of government accounts
(See Schedule D) ... .. ....... ....

Total borrowing from the public ... ...

Accrued interest payable to the public ......
Allocations of special drawing rights ..
Deposit funds ......... .. ....... .... ... .........
Miscellaneous liability accounts (includes checks outstanding etc.).......

Total liability accounts ................... ..............

Asset accounts (deduct)
Cash and monetary assets:
U.S. Treasury operating cash:2
Federal Reserve account .. .....
Tax and loan note accounts .. ......

Balance ... .....

Special drawing rights:
Total holdings .. ..
SDR certificates issued to Federal Reserve Banks .........

Balance ................ ...........................

Reserve position on the U.S. quota in the IMF:
U.S. subscription to International Monetary Fund:
Direct quota payments .. .......
Maintenance of value adjustments ..
Letter of credit issued to IMF....... ...........
Dollar deposits with the IMF ... ...... ..
Receivable/payable (-) for interim maintenance of value adjustments

Balance ............ ..

Loans to International Monetary Fund .. .. ....
Other cash and monetary assets .. .........

Total cash and monetary assets ..

Miscellaneous asset accounts ....... .... ........

Total asset accounts ............... ................

Excess of liabilities (+) or assets (-) ......... ..........

Transactions not applied to current year's surplus or deficit
(See Schedule A for details) .. .... ....

Total budget and off-budget federal entitles
[Financing of deficit (+) or disposition of surplus (-)] ............


$16,556 $98,149
-155


$96,561 $2,335,277 $2,416,870 $2,433,426
.. 15,000 14,845 14.845


16,556 97,994 96,561 2,350,277 2,431,716 2,448,271


-99 835 496 '7,234 8,168 8,069

16,457 98,829 97,057 2,357,511 2,439,883 2,456,341



11,176 31,472 22,859 458,172 478,468 489.644

5,281 67,357 74,198 1,899,340 1,961,416 1,966,697

4,766 3,421 3,781 31,712 30,368 35,134
-256 425 265 6,270 6,951 6,695
-803 -1,065 -2,532 9,104 8,842 8,039
-10.702 -5,876 -3,906 14,039 18.865 8.163

-1,714 64,263 71,805 1,960,465 2,026,441 2,024,727




4,963 1,156 8,232 9,120 5,313 10,276
12,592 2,332 1,691 27.316 17,056 29,648

17,555 3,489 9,924 36,436 22,369 39,924


-518 686 176 9,078 10,283 9,765
......... ..... .... -5,018 -5,018 -5,018

-518 686 176 4.060 5,265 4.747



.. .... .. 19,699 19,699 19,699
-936 1,555 970 3,230 5,721 4,785
-112 -713 -435 -12,855 -13,456 13.568
-2 2 11 -66 -62 -64
541 -862 -498 257 -1,146 605

-509 -18 48 10,265 10,756 10,246

-40 -94 -90 642 589 548
-2,832 -4,134 -1,149 9,408 8.106 5,275

13,656 -71 8,909 60,811 47,084 60,740

749 -1,300 -3,228 15,822 13,773 14,522

14,405 -1,371 5,681 76,633 60,857 75,262

-16,118 +65,634 +66,124 + 1,883,832 + 1,965,584 +1,949,465


33 172 162 139 172


-16,085 +65,806 +66,286 +1,883,832 +1,965,722 +1,949,637


'The outlays for the Federal Savings and Loan Insurance Corporation (FSLIC) have been adjusted by $491 million for the prior year and $1.504 million for the current year to reflect FSLIC notes
issued in lieu of cash and not reported previously as outlays
2Major sources of information used to determine Treasury's operating cash include the Daily Balance Wires from Federal Reserve Banks, reporting from the Bureau of Public Debt. electronic
transfers through the Treasury Financial Communications System and reconciling wires from Internal Revenue Service Centers Operating cash is presented on a modified cash basis deposits are
reflected, as received, and withdrawals are reflected as processed
No transactions
Note Details may not add to totals because of rounding
Source Financial Management Service, Department of the Treasury






Table 6. Schedule A-Analysis of Change in Excess of Liabilities of the U.S. Government, January 1988 and
Other Periods (in millions)


Classification


Excess of liabilities beginning of period.
Based on COmposition o, unified budget in precedng perioa
Adlusiments aurng current Iscal year for changes ,n
compos.itorn Lf unhed budget
Classlcatlon of FDIC securi.es as budgetary transactions
ClassEicatlon of FSLIC securliess as DuOgelary itansactions

ECcess of IaraDiiles oeginnng of period icurreni Dasisl
Budget SurpDlu I i or rdelilc
Based on composition of unflea Duagel ,n prior iiscal year
Cnanges .n composition of ujnlied budgeP

Total surplus i I ,r delct lTaDie 21

Totai-on .uaget iTaole 21

lotai-orf .udaget iTable 21

Transacltons not applDie to current year's surplus or oefIcIt
Se,.r.,orage
Incremenl on Gold
Proceeds Ifrom currency:
Prolft on sale of g)1al
Net gain I l1.35s for IMIF loan valuaton adjustment

Tolal-iransjac:l.ns not appl.eo to current year's
Surplus or del.,c,

Excess of liabilities close of period


Fiscal Year to Date
This Month
This Year Prior Year



$1 960 854 $1 880 606 $1 '32 82'


442
2 '29 3 22t, 3693

I 965 58J 1 883 832 '36 962

16085 65806 66286


16085 65 806 66 286

5 848 '3 485 70 299

21 933 7680 4 013


30 150 1586



-4 -22 4


33 172 162

1.949.465 1.949.465 1.803.087


Table 6. Schedule B-Securities issued by Federal Agencies Under Special Financing Authorities, November 1987 and
Other Periods (in millions)

Net Transactions
(-)denotes net reduction of Account Balances
liability accounts Current Fiscal Year
Classification
Fiscal Year to Date Beginning of Close of
This Month This month
This Year Prior Year This Year This Month


Agency securities, issued under special financing authorities:
Obligations of the United States, issued by:
Export-Import Bank of the United States ........ ........ .. -$6 (") (") (")
Federal Deposit Insurance Corporation ......... ......... -$6 -$151 241 $200 $56 $50
Federal home loan bank board:
Federal savings and loan insurance corporation ....... ...... -7 1,418 491 3,225 4,650 4,643
Obligations guaranteed by the United States, issued by:
Department of Defense:
Family housing mortgages ............. .......... (**) -2 -5 15 13 13
Department of Housing and Urban Development:
Federal Housing Administration ........... ...... -85 -81 20 178 183 98
Department of the Interior:
Bureau of Land Management .... ......... ............. 13 13 13
Department of Transportation:
Coast Guard:
Family housing mortgages ........ .. . .. ( ) (") (")
Obligations not guaranteed by the United States, issued by:
Department of Defense:
Homeowners assistance mortgages .................... 1 (") 7 8 8
Department of Housing and Urban Development:
Government National Mortgage Association ......... ....... ......... -350 1,965 1,615 1,615
Independent agencies:
Postal Service ................... .............. ............ ...... ......... 250 250 250
Tennessee Valley Authority ...... .. ........ ......... ........ -245 1,380 1,380 1.380

Total agency securities................................. -99 835 496 7,234 8,168 8,069

....No transactions.
(**)Less than $500,000.
Note: Details may not add to totals because of rounding.
Source: Financial Management Service, Department of the Treasury.







Table 6. Schedule C (Memorandum)-Federal Agency Borrowing Financed Through the Issue of Public Debt Securities,
January 1988 and Other Periods (in millions)


Borrowing from the Treasury:
Housing and Other Credit Guarantee Program, AID
Commodity Credit Corporation .....
Commerce Fishing Vessels NOAA ......
Export-Import Bank of the United States ..
Federal Emergency Management Agency:
National Insurance Development Fund .......
Federal Financing Bank .. .......
Federal Housing Administration:
General insurance
Special risk insurance
General Services Administration:
Pennsylvania Avenue Development Corporation
Rural Communication Development Fund
Rural Electrification Administration
Rural Telephone Bank .
Secretary of Agriculture, Farmers Home Administration:
Rural housing insurance fund ...
Agricultural credit insurance fund ...
Rural development insurance fund .....
Federal Crop Insurance Corp
Secretary of Education:
College housing loans .....
Secretary of Energy:
Alternative fuel production. DOE
Bonneville Power Administration .. .
Secretary of Housing and Urban Development:
Housing for the elderly or handicapped ....
Low-Rent Public housing .. ...
Urban renewal fund
Secretary of the Interior:
Bureau of Mines, helium fund
Railroad retirement account ......
Railroad retirement social security equivalent fund
Secretary of Transportation:
Aircraft purchase loan guarantee program
Federal ship revolving fund .
Railroad revitalization and improvement ..
Rail service assistance
Regional rail reorganization
Smithsoman Institution:
John F. Kennedy Center parking facilities
Tennessee Valley Authority
Veterans Administration:
Veterans direct loan program
Ocean Freight.

Total agency borrowing from the Treasury
financed through issues of public debt securities ..........


$20 $20
$2.483 -$4,304 -$3,009 20,969 14,182


5
4,986


150
100 300


12 97
-549 140,786

1,521
1,915

50
25
39 7.924
759

.705 3,986
1,245 9.457
-345 2,396
113


275 5,901
10 1,300


252
2,128
208 799 756 2,144


98
134,248

1,746
1.975

50
25
7,971
759

4,076
9.457
2,716
113

2.049


1.844

6,051
1,500


252
2.128
2,734

1
420


$20
16.665



102
135,800

1.746
1.975

50
25
7.963
759

4,076
7,557
2.716
113

2,049


1,844

6.051
1,600


252
2,128
2.943


128 128

20 20
150 150


2,448 9,198 5,685 208.106 196,459 198,908


2,448


9,198


5,685 208,106 196,459


198,908






Table 6. Schedule C (Memorandum)-Federal Agency Borrowing Financed Through the Issue of Public Debt Securities,
January 1988 and Other Periods (in millions)-Continued


Borrowing from the Federal Financing Bank:
Funds Appropriated to the President:
Foreign military sales ......
Overseas Private Investment Corporation
Department of Agriculture:
Rural Electrification Administration ........
Farmers Home Administration:
Agriculture Credit Insurance Fund ....
Rural Housing Insurance Fund ........
Rural Development Insurance Fund ..
Department of the Navy .................. .
Department of Education:
Student Loan Marketing Association .........
Department of Health and Human Services, Except Social Security:
Medical Facilities Guarantee and Loan Fund .
Department of Housing and Urban Development:
Low Rent Housing Loans and Other Expenses ...
Community Development Grants .....
Department of Interior:
Territorial and International Affairs
Department of Transportation:
Grants to National Railroad Passenger Corporation
General Services Administration:
Federal Buildings Fund .......................
National Aeronautics and Space Administration:
Space Flight, Control and Data Communications
Small Business Administration:
Business Loan and Investment Fund
Independent Agencies:
Export-Import Bank of the United States ......
National Credit Union Administration
Postal Service ............. .. .. .... .........
Tennessee Valley Authority .............
Washington Metropolitan Transit Authority ..............

Total borrowing from the Federal Financing Bank ..........


$32 -$842 -$21 $19,164 $18.354
-1 1 1

4 180 274 25.438 25,262


28.010
28,951
8.040
40 1,788


4,949


27,835
25,971
5,868
1,788


4.940


192 192


- 39 -37 2,074
-2 15 355

(**) ("*) 60


2,035
354

60

54


395 392


$18,322
1

25,259

27.835
25,971
5.868
1,759


4,940

192

2.035
353


392


79 809 949

60 1,662 1.644


12,463
111
4.353
18,210
177


319 -5,152


11,971
118
5,853
18.606
177


793 157,258 152,424


11,971
118
5,853
18.363
177


152,107


Note: This table has been expanded to include lending by the Federal Financing Bank accomplished by the purchase of agency financial assets, by the acquisition of agency debt securities.
and by direct loans on behalf of an agency. The Federal Financing Bank borrows from Treasury and issues its own securities and in turn may loan these funds to agencies in lieu of agencies borrowing
directly through Treasury or issuing their own securities.

Note: Details may not add to totals because of rounding
Source: Financial Management Service, Department of the Treasury.
No transactions.
(")Less than $500,000








Table 6. Schedule D-lnvestments of Federal Government Accounts in Federal Securities, January 1988 and
Other Periods (in millions)


Federal funds:
Department of Agriculture ...............
Department of Commerce .. .......
Department of Energy ... .. ......
Department of Health and Human Services ......
Department of Housing and Urban Development:
Federal Housing Administration:
Federal Housing Administration fund:
Public debt securities .. ... .
Agency securities ........ .
Government National Mortgage Association:
Management and liquidating functions fund:
Public debt securities ... .......
Agency securities .. ....
Guarantees of mortgage-backed securities:
Public debt securities .. ...
Agency securities .. ..
Participation sales fund:
Public debt securities ...
Agency securities .. ...
Housing Management:
Community disposal operations fund:
Agency securities .........
Other .. ...
Department of the Interior ........ .
Department of Labor .........

Department of Transportation .. ...

Department of the Treasury ....
Veterans Administration:
Veterans reopened insurance fund ...

Independent agencies:
Export-Import Bank of the United States .
Federal Emergency Management Agency:
National insurance development fund .. ......
Federal Savings and Loan Insurance Corporation:
Public debt securities .. .....
Agency securities .. .
Postal Service .. .. .. .. ..
National Credit Union Administration ......
O their ...... ..

Total public debt securities .
Total agency securities ....

Total Federal funds ....................................

Trust funds:
Legislative Branch:
United States Tax Court ..
Library of Congress ......

The Judiciary:
Judicial survivors annuity fund
Funds Appropriated to the President ...

Department of Agriculture ...

Department of Commerce
Department of Defense-Military ....
Department of Defense-Civil
Other
Department of Health and Human Services:
Federal old-age and survivors insurance trust fund:
Public debt securities .
Agency securities
Federal disability insurance trust fund

Federal hospital insurance trust fund:
Public debt securities
Agency securities ...
Federal supplementary medical insurance trust fund
Other ......
Table continued on next page.


$1 $6 $6 $6
$1 $3 -1 15 18 18
52 126 67 1,506 1,580 1.632
-2 11 12 10 10


149 -232 608 6,482
-29 (*) 134


6,399
105


6,251
105


39 22 71
-6 (**) 72

113 89 1,522
-11 6 17


40 2.164
12


S (*)
24 -306 -2,813
-25 -5 -79


4 160 169


582 2,200


493 2,945


4.563


19 21 627 644


211 485 486 443 717


820 5,103
-20 -58


26,098
290


246

2,881
55
5,389
1.505
1,267
30,380
252


251

2.538
55
5,560
1.739
1,276
31,200
232


800 5,044 -1,228 26,388 30,632 31,432


(* *) (" *)
1 2


1
-16
20


12,136


-1
9.116
74


8,088


(* )
-2
8.126
76


8 6
30.637 39,769
769 823


4,548 58.356 54,308


557 504 530 7.193


1,508

2,187
(")


4.780
-75
55
(")


2,646

1,202
-35


50,374
405
6,166
5


6.132


53.646
330
8,408
5


7
39.753
843


66,444

6.689


55.154
330
6.221
5






Table 6. Schedule D-Investments of Federal Government Accounts in Federal Securities, January 1988 and Other Periods
(in millions)-Continued


Trust funds:-Continued
Department of the Interior ...
Department of Labor:
Unemployment trust fund ...
O the r .................. .
Department of State:
Foreign service retirement and disability fund .. ...
Other .. ..... ... .. .....
Department of Transportation:
Airport and airway trust fund ........
Highway trust fund .... .
O their ...... .. .. .. .. ..
Department of the Treasury ......
Environmental Protection Agency ......... .......
Office of Personnel Management:
Civil service retirement and disability fund:
Public debt securities .. .......
Agency securities ... ..... .
Employees health benefits fund.
Employees life insurance fund ..... ......
Retired employees health benefits fund ..........
Veterans Administration:
Government life insurance fund
National service life insurance:
Public debt securities .. .......
Agency securities
Veterans special life insurance fund ....
General Post Fund National Homes
Independent agencies:
Federal Deposit Insurance Corporation ....
Harry S. Truman Memorial Scholarship Trust Fund .....
Japan-United States Friendship Commission ...
Federal Retirement Thrift Investment Board .
Railroad Retirement Board .. .. ......
Other ... .. ..

Total public debt securities ......
Total agency securities ....

Total trust funds .....................................

Grand total ............................. ..............


$5 $25 $234 $212 $232 $237


841 27,917 28,401
-14 33 19


14 152
(")

85 769
141 1,006
10 -5
30 -25
118 220


105 3,347
-75
102 -94
-7 190
") -1


101 3,474
(")


516
1,681
-37
-2
-81


7.865

-55
175
-2


9,937
12,691
363
134
737


176,748
175
1,208
8,078
2


3,639
('')

10,621
13,356
369
80
839


181.501
100
1,215
8,274
2


4 222 218


40 280 294 9,990
135
-4 43 42 1,093
(*) (i ) 21

273 1,537 229 17,040
1 (") 45
1 1 (") 17
106 464 727
77 209 295 6,688
- 1 2 41 47


10,377 26,578
-150


10,310
135
1,139
21

15,776
46
17
1,086
6,820
50


24,087 431,069 447,270
715 565


10,377 26,428 24,087 431,784 447,835 458,212

11,176 31,472 22,859 458,172 478,468 489,644


.No transactions
(**)Less than $500,000
Note* Investments are in public debt securities unless otherwise noted.
Note: Details may not add to totals because of rounding
Source Financial Management Service, Department of the Treasury


27,849
17

3,626
(")

10,706
13,697
359
109
957


180,096
100
1,114
8,267
2

218

10,270
135
1,136
21

15,503
46
18
1,191
6,897
49

457,647
565








Table 7. Receipts and Outlays of the U.S. Government by Month, Fiscal Year 1988 (in millions)


Com-
Fiscal Co
Sparable
Classification Oct. Nov. Dec. Jan. Feb. March April May June July Aug. Sept. Year Period
To
Date _Prior
Date F.Y.
F,.V


Receipts
inaJvual incomee iaes
Corpor3l.nn incomee laes
Socal n sur.3nce Ires ana
COillr.DulOns
Employment ia'es and
ConrlrDou.On
Unemplo,mrrenl insurance
Olner rel'rement conlrtulons
Ec'se ia3ei
Eslaie ana g.,r iaxes
CusJomS dguAe'
M. 3.ceillneous rece.pit

Total-budget receipts this year

(On-budgetl

(Otf-budget)


ifj *., ,. ,l ',Ur, n r


r(_lr/ ) r .',t1. I

Outlays
-eg5lal-,e Bran.ic
Tne Juc 1,car,
E7eCul..e Or..:e UL Ine Pres.deni
:unds Appropr.alea 10 the Pres.dent
Irlernal.on3a security ass.slance
Inlernilon.nai deelopmeni ass.slance
Otner
Department of Aar.cullure
Fore.qgn a.i.5l3nce sPec.al eDpor
pruogtr.ms ana Commodily Cred.I
CorpOraliOn

--pa3rmeni of Commerce
Detpaimenr of Derense
f.4dilarp
Department ol ine Army
Deparimenl of ine Navy
Deparlf'.enl ol the A.r Force
DeQense agencies

Tofi M.Iiar,


Djparlmenl or Educalion
3eparlmenl of Enercg
-_'eparTmer.l .: Healln 3nd Human
Se-r.rc.5 e-cepp Si.al Secur.l,
P''.i-c Healir. Ser.ce
Heallr. C3re F.r.an.,ng
4a'Tirr..,ir~lt.,n
Grants ro Sitaes for Merdcaa
Fe.? kra l n.:.'p,Ip 31i rn tru. t fun.d
Fed.er-ll sup meo .ns Iru51
lur,3
Olrler
50::',l 5e.:ur.l 4 irr, n,sfratl,on
Farr.l Supoon Aam.ns.lral.or.

Orner
Hu'TaraL DL'.eID.pTr'rfl S'prmce
Ol'r..
3De-anrmeni eli H3alitn .anr Human
S ir'.ce S .i: .JI e>u',Il ,
F:,e tal .:Ii.]'i ? n Sn jrs..ors ns
Iut lung
Fevd.Tr vl d,':j l.Il, ,r., I'ruSI
luna
lr.-r


532 429
1 855



20 791
956
431
2 574
608
1 317
1 392


$25 039 $36 537 $43 987


20 725
266'
364
2854
617
1 247
1 807


17 748



22 735
170
457
3838
540
1 361
2 141


3630



26 920
883
360
2393
531
1 195
1 893


$137 992 1135 296


24 901



91 171
4 675
1 612
11 658
2 296
5 120
7233


21 440



84 489
4 760
1 641
11 043
2 482
4 708
5 927


62.354 56.987 85.525 81.791 286.657

45.992 40.630 67.645 60.645 214.913

16.362 16.357 17.880 21.146 71.744

J9 01 2 i 'l 03. 5 I 1. 1. "I 76I



1J 14' / 148 9 I '..T ?/ 19. 91 56.0ii



15' 124 182 143 606 489
83 85 90 85 342 344
8 15 8 11 44 37

871 584 647 255 2 358 2556
464 121 91 371 1 046 1 004
84 505 -397 466 520 346



5 115 3283 1543 2495 12436 15336
2 530 1 911 2263 1933 8637 993
153 1'9 243 194 '69 "95


S423 5356 7.990 5084 25 853 23926
8506 7183 9283 6673 31646 29652
8060 7015 9 172 6 194 30441 28 '0'
1285 1 105 1911 1 276 5 577 5 531

25274 20660 28356 1922' 93 51' 8781'


9'10


2 444
4 119

3022
1 775
2640
950
413
2 324



15 50'

1 895
824


914


2020
4 4'9

2856
4 244
2023
81'
430
- 5 447



31 90'

3423
60


3 669'


9 480
16 388

11 042
8088
5969
4 496
1 881
10505



63 23'0

3331
1 906


6 8691
6 206!
3 5921
I


3 063


8 '18
-" OB

9 766
6 395
6 624
4 732
1 904
8 358!






6 95'
l 9^'2


Table continued on next page.






Table 7. Receipts and Outlays of the U.S. Government by Month, Fiscal Year 1988 (in millions)-Continued


Classification


Outlays-Continued
Department ot Housing and Urban
Development
Department of the Interior
Deparment of Justlce
Department OI LaDor
Unemploryment trust funa
Otner
Department of Stale
Department of Transportaton
Hignway trust tuna
Omner
Department of the Treasury
Interest on the public deDI
Other
En..ronmental Protection Agency
General Servces Adminstration
National Aeronautcs ana Space
Adm.n.,sralion
Ofhice or Personnel Management
Small Business Adm.n.stralion
Veterans Admn,stration
Compensation and pensions
National service Itie
Government service life
Other
Inaepenaent agencies
Postal SerN.ce
Tennessee Valley Aulhorflt
Oiner independent agencies
UnalstrbuteO otfser.ng receipts
Employer snare employee
reltremeni
Interest received DV truSl lunds
Rents and royalties on Outer
Contlnenlal Snelf lands
Other

Totals this year:
Total outlays ..

(On-budget)

(Off-budget) .. ... ..

Total-surplus ( I or deficit -

(On-budget)

(Off-budget)

T.:.ital- ilati prior iea,






priFr ,ud l


ton htad erl

IO11 budget)


$1.962
592
39'

1 012
-95
302

1 276
1 024

14.115
2318
393
-545

936
2 400
241

2 352
52
3
1232

355
138
870


$1 421
406
340

1 122
5'4
280

1 149
1 039

16 623
-711
403
294

7'2
2 193
-34

44
45
3
802

149
97
2215


2 551
-2116

440


$1 900
439
5?9

1 450
44'
4'9

1 246
954

30 355
I 271
415
299

843
2 324
-45

2 342
51
3
1 374

-85
104
213


-2 536
- 16 65J

-234
5


S1 361
408
40'

I 488
582
159

83'
I 03'

14 6 '4
'73
391
448

622
2 554
-45.

44
62
3
1 102

439
289
1 654


Feb.


March April IMay June IJuly Aug. Sept.


Fiscal
Year
To
Date


$6 643
1 845
1 674

5073
1 508
1 219

4 508
4 054

'5 '6'
5 073
I 601
-400

3 174
9 4'1
117

4 782
210
12
4 510

857
953
4953


Com-
parable
Period
Prior
F.Y.




$5 288
1 88'
1 257

6 533
S008
002

4 1 7
4 301


-4 636
1 631
391

2 441
8 5501
155

5916
I '8
13
.1 052

334
569
5091


93.095 83.920 109.741 65.706 352.463

76.910 67.150 77.845 66.493 288.398

16.185 16,770 31,896 787 64.064

-30.741 -26.934 24.216 16.085 -65.806

- 30.918 -26.520 10.200 -5.848 -73.485

.176 -414 14.016 .21.933 .7.680



68 '.'1 6:.591 7 o l.0 1 6 .N" I
.= =
/5 4AA 16 .t.i1 14 JF L 'Of ,2 '


2. IW,' :6..9.'i 2.ii/J i. lf$, -A#. .2i5

- 4.856 .'S .i. / ,? 6' 4 '"./j/
I_..... =I- =I=I


- 3.401 I. '.i24I ; .'1 1,2 U.4


.No transactions.
('')Less than $500,000.
Note: Details may not add to totals because of rounding.
Source: Financial Management Service, Department of the Treasury.


. 401







Table 8. Trust Fund Impact on Budget Results and Investment Holdings (in millions) as of January 31, 1988


Current Month Fiscal Year to Date Secures held investments
Current Fiscal Year
Classification
Beginning of
Receipts Outlays Excess Receipts Outlays Excess Close of
This Month
This Year This Month

Trust receipts, outlays, and investments held:
Airport ............................ $253 $146 $107 $1,469 $667 $802 $9,937 $10,621 $10,706
Black lung disability ..................... 50 51 1 208 209 1 ...
FDIC ... .. ....... .. .. ..... 268 -268 ...... 1,405 -1,405 17,040 15,776 15,503
Federal disability, insurance .............. 1,952 284 1,668 6,833 7,333 -500 7,193 6,132 6,689
Federal employees life and health .. ... ...... 108 -108 ..... -66 66 9,287 9,491 9,383
Federal employees retirement............. 889 2,323 -1,435 12,385 9,024 3,361 180,516 185,360 183,942
Federal hospital insurance ............... 5,599 3,863 1,736 21,251 16,388 4,863 50,779 53,976 55,484
Federal old-age and survivors insurance .... 20,633 368 20,265 71,410 63,230 8,180 58,356 54,308 66,444
Federal supplementary medical insurance ... 387 2,550 -2,164 10,887 11,042 -155 6,166 8,408 6,221
Highways ........ ............... 1,118 837 281 4,972 4,508 464 12,691 13,356 13,697
Military advances ....... ....... 635 633 2 2,869 2,911 -42 ...
Railroad retirement .............. 399 537 -137 1,459 2,094 -635 6,688 6820 6,897
Military retirement ....... ....... 1,508 1,600 -92 18,163 6,185 11,978 30,637 39,769 39,753
Unemployment ..... .............. 889 1,488 -600 5,842 5,073 769 27,917 28,401 27,849
Thrift savings ................. ..... 111 1 109 438 4 434 727 1,086 1,191
Veterans life insurance ................ 37 107 -71 626 315 311 11,440 11,803 11,759
All other trust ....... .................. 316 149 167 1,052 1,055 -3 2,409 2,529 2,694

Total trust fund receipts and outlays and
investments held from Table 6-D ..... 34,774 15,316 19,458 159,862 131,377 28,486 431,784 447,835 458,212

Interlun Iran3actons -4 044 4 044 -49910 -49910

Trust fund recepils and outlays on Ine bass
of la3les & 5 30 730 11 271 19 458 109 951 81 466 28486

Total federal fund receipts and outlays 52.171 55.545 -3.374 183.157 277.449 -94,291

Inlerfuna Ir3anaCIoi.n, -165 -165 -221 -221
Federal lund recPops & outlays on ne oasis
of table 4 & 5 52006 55380 3 374 182 936 277 227 -94291


Ortsellr,g popreltary rece.pts


-945 -945 -6231 6 231


Net budget receipts & outlays 81.791 65.706 16.085 286.657 352.463 -65.806


...No transactions.
(")Less than $500,000.
Note: Interfund receipts and outlays are transactions between Federal funds and trust funds such as Federal payments and contributions, and interest and profits on investments in Federal securities
They have no net effect on overall budget receipts and outlays since the receipt side of such transactions is offset against budget outlays. In this table, interfund receipts are shown as an adjustment
to arrve at total receipts and outlays of trust funds respectively.
Note: Details may not add to totals because of rounding.
Source Financial Management Service. Department of the Treasury.







Table 9. Summary of Receipts by Source, and Outlays by Function of the U.S.
and Other Periods (in millions)


Government, January 1988


Classification This Month Fiscal Year Comparable Period
To Date Prior Fiscal Year

RECEIPTS
Individual income taxes ................ ............. $43,987 $137,992 $135,296
Corporation income taxes ........ ............... 3,630 24,901 21,440
Social insurance taxes and contributions:
Employment taxes and contributions .............. ... 26,920 91,171 84,489
Unemployment insurance. ...................... 883 4,675 4,760
Other retirement contributions .. ....... ...... 360 1,612 1,641
Excise taxes ................ ............ .... 2,393 11,658 11,043
Estate and gift taxes ........................ ...... 531 2,296 2,482
Customs ... ......... .................... 1,195 5,120 4,708
Miscellaneous .. ...... ......................... 1,893 7,233 5,927

Total .......................................... 81,791 286,657 271,785

NET OUTLAYS
National defense ............... ........... ......... 19,895 96,258 90,583
International affairs ............... ........ ....... 1,074 2,660 4,697
General science, space, and technology ..... ... .. 773 3,695 2.908
Energy .................. .... ...... ... 247 1,379 1,832
Natural resources and environment .......... .... ..... 1,097 4,925 4,426
Agriculture .. ............ .......... ....... 2,275 11,869 14,549
Commerce and housing credit ... ....................... 1,216 4,241 1,914
Transportation................... ... .... ....... .. 1,990 8,887 8,786
Community and regional development ................ 452 2,345 2,239
Education, training, employment and social services .......... 2,771 10,572 10,110
Health ......................... .. ................ 3,577 14,111 12,580
Medicare ........ ..... ... .............. .......... 6,299 24,935 24,838
Income security .................. ............ 10,220 41,542 42,423
Social security ...................................... .... 652 70,139 67,065
Veterans benefits and services .................. .......... 1,207 9,524 10,106
Administration of justice .................. ......... 706 2.803 2,210
General government .................. ................. -52 2,379 1,647
General purpose fiscal assistance ........... .............. 403 921 488
Interest ............................................... .13,551 50,373 45,931
Undistributed offsetting receipts .. .. .. .... .. .... ... -2,647 -11,095 -11,258

Total ................. .................. 65,706 352,463 338,072


Note: Details may not add to totals because of rounding.
Source: Financial Management Service, Department of the Treasury.


GPO 932-346







Explanatory Notes


1. Flow of Data Into Monthly Treasury Statement
The Monthly Treasury Statement (MTS) is assembled from data in the
central accounting system. The major sources of data include monthly
accounting reports by Federal entities and disbursing officers, and daily
reports from the Federal Reserve banks. These reports detail account-
ing transactions affecting receipts and outlays of the Federal Government
and off-budget Federal entities, and their related effect on the assets and
liabilities of the U.S. Government. Information is presented in the MTS
on a modified cash basis.

2. Notes on Receipts
Receipts included in the report are classified into the following major
categories: (1) budget receipts and (2) offsetting collections (also called
applicable receipts). Budget receipts are collections from the public that
result from the exercise of the Government's sovereign or governmental
powers, excluding receipts offset against outlays. These collections, also
called governmental receipts, consist mainly of tax receipts (including
social insurance taxes), receipts from court fines, certain licenses, and
deposits of earnings by the Federal Reserve System. Refunds of receipts
are treated as deductions from gross receipts.
Offsetting collections are from other Government accounts or the public
that are of a business-type or market-oriented nature. They are classified
into two major categories: (1) offsetting collections credited to appropria-
tions or fund accounts, and (2) offsetting receipts (i.e., amounts deposited
in receipt accounts). Collections credited to appropriation or fund accounts
normally can be used without appropriation action by Congress. These
occur in two instances: (1) when authorized by law, amounts collected
for materials or services are treated as reimbursements to appropriations
and (2) in the three types of revolving funds (public enterprise, intragovern-
mental, and trust); collections are netted against spending, and outlays
are reported as the net amount.
Offsetting receipts in receipt accounts cannot be used without being
appropriated. They are subdivided into two categories: (1) proprietary
receipts-these collections are from the public and they are offset against
outlays by agency and by function, and (2) intragovernmental funds-
these are payments into receipt accounts from Governmental appropria-
tion or fund accounts. They finance operations within and between Govern-
ment agencies and are credited with collections from other Government
accounts. The transactions may be intrabudgetary when the payment and
receipt both occur within the budget or from receipts from off-budget
Federal entities in those cases where payment is made by a Federal en-
tity whose budget authority and outlays are excluded from the budget
totals.
Intrabudgetary transactions are subdivided into three categories:
(1) interfund transactions, where the payments are from one fund group
(either Federal funds or trust funds) to a receipt account in the other fund
group; (2) Federal intrafund transactions, where the payments and receipts
both occur within the Federal fund group; and (3) trust intrafund transac-
tions, where the payments and receipts both occur within the trust fund
group.
Offsetting receipts are generally deducted from budget authority and
outlays by function, by subfunction, or by agency. There are four types
of receipts, however, that are deducted from budget totals as undistributed
offsetting receipts. They are: (1) agencies' payments (including payments
by off-budget Federal entities) as employers into employees retirement
funds, (2) interest received by trust funds, (3) rents and royalties on the
Outer Continental Shelf lands, and (4) other interest (i.e., interest collected
on Outer Continental Shelf money in deposit funds when such money
is transferred into the budget).

3. Notes on Outlays
Outlays are generally accounted for on the basis of checks issued by
Government disbursing officers, and cash payments made. Certain in-


tragovernmental outlays do not require issuance of checks. An example
would be charges made against appropriations representing a part of
employees' salaries which are withheld for individual income taxes, and
for savings bond allotments. Outlays are stated net of offsetting collec-
tions and refunds representing reimbursements as authorized by law,
refunds of money previously expended, and receipts of revolving and
management funds. Interest on the public debt (public issues) is recog-
nized on the accrual basis. Outlays of off-budget Federal entities are ex-
cluded from budget outlay totals.


4. Processing
The data on payments and collections are reported by account sym-
bol into the central accounting system. In turn, the data are extracted from
this system for use in the preparation of the MTS.
There are two major checks which are conducted to assure the con-
sistency of the data reported:
1. Verification of payment data. The monthly payment activity reported
by Federal entities on their Statements of Transactions is compared to
the payment activity of Federal entities as reported by disbursing officers.
2. Verification of collection data. Reported collections appearing on
Statements of Transactions are compared to deposits as reported by
Federal Reserve banks.


5. Other Sources of Information About Federal Government
Financial Activities

A Glossary of Terms Used in the Federal Budget Process, March 1981
(Available from the U.S. General Accounting Office, Gaithersburg,
Md. 20760). This glossary provides a basic reference document of stan-
dardized definitions of terms used by the Federal Government in the
budgetmaking process.

Daily Treasury Statement (Available from GPO, Washington,
D.C. 20402, on a subscription basis only). The Daily Treasury Statement
is published each working day of the Federal Government and provides
data on the cash and debt operations of the Treasury.

Monthly Statement of the Public Debt of the United States (Available
from GPO, Washington, D.C. 20402 on a subscription basis only). This
publication provides detailed information concerning the public debt.

Treasury Bulletin (Available from GPO, Washington, D.C. 20402).
This quarterly publication provides a summary of statistics concerning
the Federal Government's financial operations, international statistics,
cash management/debt collection, and special reports.

Annual Budget Publications (Available from GPO, Washington,
D.C. 20402). There are five annual publications which provide informa-
tion concerning the budget:

-The Budget of the United States Government, FY 19
-Appendix, The Budget of the United States Government, FY 19
-The United States Budget in Brief, FY 19
-Special Analyses
-Historical Tables

SUnited States Government Annual Report and Appendix (Available
from Financial Management Service, U.S. Department of the Treasury,
Washington, D.C. 20226). This annual report presents budgetary results
at the summary level. The appendix presents the individual receipt and
appropriation accounts at the detail level.















Scheduled Release

Listed below are the scheduled release dates for the 1988 Statements.
The release time will be 2:00 p.m. EST.

Month Release Date

January 1988 2-22-88'
February 1988 3-21-88
March 1988 4-21-88
April 1988 5-20-88
May 1988 6-21-88
June 1988 7-22-88
July 1988 8-19-88
August 1988 9-22-88
September 1988 (1)
October 1988 11-22-88
November 1988 12-21-88
December 1988 1-24-89'


'revised.
'Release date subject to completion of year-end reporting requirements.


For sale by the Superintendent of Documents, U.S. Government Printing
Office, Washington, D.C. 20402 (202) 783-3238. The subscription price is
$22.00 per year (domestic), $27.50 per year (foreign).
No single copies are sold.







UNIVERSITY OF FLORIDA

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